Project Safety Score: 72%
Updated 2 minutes agoSui is a Layer 1 blockchain created by Mysten Labs, founded by former lead engineers from Meta’s blockchain division. The platform employs the Move programming language and features an object-centric data model that allows for parallel execution of transactions. This design aims to provide a secure and high-speed environment for digital asset ownership and Web3 applications, while supporting horizontal scaling to maintain stable fees and rapid transaction finalization. Institutional backing includes investments from notable venture capital firms.
The SUI token functions as the primary asset for transaction fees and utility within the ecosystem, supporting a proof-of-stake mechanism where users lock their tokens to help secure the blockchain and earn rewards. Token holders also participate in governance, influencing network rules and protocol upgrades. Sui includes additional tools such as zkLogin for improved account access and sponsored transactions to facilitate user interactions with applications without the need for complex wallets or immediate fees.
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
Track Record score 84 out of 100.
The project has a solid track record, demonstrating a significant operational history of 4.3 years without any regulatory actions or historical incidents. This suggests a strong foundation and reliability. However, one additional concern has been raised through research, which indicates there may be some caution warranted despite the overall positive assessment.
Economic Design score 65 out of 100.
The economic design of the project shows a defined supply cap of 10 billion tokens, which is a positive indicator of long-term planning. However, only 40% of the total supply is currently circulating, raising some concerns about liquidity and availability in the market. This is reflected in the flag indicating that less than half of the total supply is in circulation.
Developer Health score 84 out of 100.
Developer health is strong, highlighted by a total of 5,403 GitHub stars and an impressive 12,286 forks. The project has maintained a high level of commitment, with 219 commits in the past four weeks and 218 contributors actively participating. This suggests a vibrant development community and continuous improvement of the codebase.
Network Security score 73 out of 100.
With a market cap of approximately $3.7 billion and an age of 4.3 years, the project exhibits decent economic security. Importantly, there have been no recorded historical incidents, which bolsters confidence in its network integrity. However, the economic security score reflects some underlying weaknesses that warrant careful consideration.
Social Behavioral score 63 out of 100.
The social behavior of the project reveals a mixed picture. While the project's presence on social media platforms like Twitter is verified, audience metrics from those accounts are limited. Sentiment is notably positive, with 82% of discussions leaning toward favorable views. However, one flagged concern from research highlights the importance of monitoring the project's public perception more closely.
Adoption Liquidity score 62 out of 100.
Adoption liquidity shows moderate signs of health, with the project listed on 65 centralized exchanges, among which 36 are considered to have a green trust score. Daily trading volume sits around $185 million, indicating active interest. However, it is worth noting that the market cap tier is relatively low, potentially affecting the asset's attractiveness to larger investors.
Investors should be aware of the inherent risks associated with cryptocurrency investments, particularly regarding market volatility and liquidity issues. While the project shows promise, considerations around circulating supply and reputation risks may impact its long-term stability.
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Prior: Meta's Novi FinancialFormer Director of Novi Financial at Meta
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Prior: Meta's Novi FinancialFormer Head of Operations at Novi Financial at Meta
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Prior: Meta's Novi FinancialFormer Head of Privacy and Security at Novi Financial at Meta
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Prior: Meta's Novi FinancialFormer Engineering Manager at Novi Financial at Meta
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Prior: Meta's Novi FinancialFormer Engineering Manager at Novi Financial at Meta
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No critical vulnerabilities found; minor issues identified and resolved.
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CoinMarketCap · 2024-04-15
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CoinDesk · 2023-03-15
- ✓Strong backing from reputable venture capital firms
- ✓High-quality whitepaper
- ✓Successful mainnet launch with high throughput and low latency
- ✗Less than 50% of supply is circulating
- ✗Allegations of centralization due to token distribution
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