Sui

Sui

SUI #29
BBB 72% L1 Protocol
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Project Safety Score: 72%

Updated 2 minutes ago
SuiSUI
Market Cap$3709328583
24hr Volume$185131393
24hr Change0.0%
Price$0.926322
Coverage: 6 buckets · 100% resolved
Concerns raised - see Red Flags below
Scoring rubric: L1 / Protocol Coin - scored on network security, adoption, dev health, economic design, governance
Track Record
84 A
100% · medium
Economic Design
65 BB
100% · high
Developer Health
84 A
100% · medium
Network Security
73 BBB
100% · medium
Social Behavioral
63 BB
80% · low
Adoption Liquidity
62 BB
100% · high

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SUI Sui Details
Type
Layer 1 blockchain
Launched
2022
HQ
Palo Alto, California, USA
Team
Doxxed
Smart Contract PlatformBinance LaunchpoolLayer 1 (L1)Sui EcosystemCoinbase Ventures PortfolioProof of Stake (PoS)Andreessen Horowitz (a16z) PortfolioYZi Labs (Prev. Binance Labs) Portfolio

Sui 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.

  • Evan Cheng - CEO LinkedIn ↗
    Prior: Meta's Novi Financial
    Former Director of Novi Financial at Meta
  • Arianna McCullough - COO LinkedIn ↗
    Prior: Meta's Novi Financial
    Former Head of Operations at Novi Financial at Meta
  • George Danezis - Chief Scientist LinkedIn ↗
    Prior: Meta's Novi Financial
    Former Head of Privacy and Security at Novi Financial at Meta
  • Sam Blackshear - Chief Engineer LinkedIn ↗
    Prior: Meta's Novi Financial
    Former Engineering Manager at Novi Financial at Meta
  • Ming Zhang - Chief Architect LinkedIn ↗
    Prior: Meta's Novi Financial
    Former Engineering Manager at Novi Financial at Meta
  • CertiK 2022-10-15 pass report ↗
    No critical vulnerabilities found; minor issues identified and resolved.
View whitepaper ↗ (2022)
Quality: high
Max supply: 10000000000
Team allocation: 20.0%
Investors: 30.0%
Public: 50.0%
Next unlock: 2023-06-15
Vesting complete
  • 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

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Sui
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85%
Profile Status
Data completeness
Some data missing
High confidence

Technical Analysis

Buy / Sell signals

Market Stats

All-Time High$5.35
All-Time Low$0.3648
Circulating4005418370
Total Supply10000000000

Community Sentiment

👍 82% 18% 👎

Crypto Fear & Greed Index

Crypto Fear & Greed Index Source: alternative.me

Sui Stories

Developer Activity

GitHub stars⭐ 5403
Forks12286
Watchers150
Commits (4 weeks)219
PRs merged9209
View on GitHub →

Sui GitHub