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. This project has demonstrated a robust history, being active for 4.3 years without any regulatory actions or historical incidents on record. However, there’s one concern revealed by research, indicating some caution may be warranted. Overall, the positive regulatory standing strengthens investor confidence in this asset.
Economic design score 65 out of 100. The asset has a defined supply cap of 10 billion, which is a solid foundation for its economic model. However, only 40% of the total supply is currently in circulation, which raises some concerns about liquidity and availability. This score suggests a balanced but cautious approach to economic design.
Developer health score 84 out of 100. The project shows strong developer activity, highlighted by over 5,400 GitHub stars and more than 218 contributors. The project has also seen a high level of engagement, with 219 commits in the last four weeks and over 12,000 forks, indicating a vibrant and engaged development community, which is a positive sign for its longevity.
Network security score 73 out of 100. With a market cap of approximately $3.7 billion and an operational history of 4.3 years without any recorded incidents, the project's security measures are relatively sound. However, the economic security aspect is rated lower, suggesting that while no incidents have occurred, investors should remain vigilant regarding market dynamics.
Social behavioral score 63 out of 100. The project's sentiment is largely positive, with 82% favorable responses, but it has limited audience data on social media, particularly on Twitter, where the account is verified but follower information is missing. There's one instance of bad press and a flag raised by research, warranting some consideration regarding its public perception.
Adoption liquidity score 62 out of 100. The asset is actively traded with a daily volume of over $185 million and enjoys a comprehensive presence across 65 centralized exchanges, of which 36 are rated as trustworthy. Despite these positive indicators, the market cap tier of 19 indicates that while liquidity is present, there may still be factors affecting quick accessibility.
Given the scores across various buckets, Sui presents a moderately safe asset in the ever-changing crypto landscape. However, potential investors should carefully consider the inherent risks associated with market fluctuations and the ongoing phases of adoption and liquidity.
-
Prior: Meta's Novi FinancialFormer Director of Novi Financial at Meta
-
Prior: Meta's Novi FinancialFormer Head of Operations at Novi Financial at Meta
-
Prior: Meta's Novi FinancialFormer Head of Privacy and Security at Novi Financial at Meta
-
Prior: Meta's Novi FinancialFormer Engineering Manager at Novi Financial at Meta
-
Prior: Meta's Novi FinancialFormer Engineering Manager at Novi Financial at Meta
-
No critical vulnerabilities found; minor issues identified and resolved.
-
CoinMarketCap · 2024-04-15
-
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
Price Chart - Sui
Sui Exchanges
Top 20 by trust scoreTechnical Analysis
Buy / Sell signals
