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.
Sui has a strong track record over its 4.3 years of operation, reflecting its stability and reliability in the market. With no regulatory actions or historical incidents reported, the project maintains a solid reputation. However, concerns have been raised by research regarding one specific aspect, which may require attention to enhance overall trust.
Economic design score 65 out of 100.
The economic design of Sui is fairly robust with a defined hard cap of 10 billion tokens. However, the circulating supply is currently limited, with only 40% of the total supply in circulation. This situation has led to a flag for having under 50% of the tokens circulating, which could affect liquidity and accessibility for investors.
Developer health score 84 out of 100.
Sui showcases strong developer health, evidenced by its 5,403 GitHub stars and 12,286 forks. The project exhibits high commit activity with 219 commits in the past four weeks, demonstrating ongoing development and interest. Additionally, it benefits from contributions from 218 different developers, indicating a vibrant and active developer community.
Network security score 73 out of 100.
With a sizable market capitalization of approximately $3.7 billion, Sui's economic security is somewhat tempered by this figure. The project has been in operation for 4.3 years without any historical incidents, enhancing its credibility. However, improvements in market cap may bolster its security profile moving forward.
Social behavioral score 63 out of 100.
Sui has a verified Twitter account, with limited audience data. The sentiment around the project is notably positive at 82%, suggesting favorable public perception. However, social engagement metrics indicate room for improvement, particularly in audience size and overall influence within the community.
Adoption liquidity score 62 out of 100.
Sui displays a decent trading volume of about $185 million over the last 24 hours, reflecting moderate market activity. The project benefits from a broad presence on 65 centralized exchanges, with 36 trusted exchanges listed. However, the overall adoption and liquidity metrics indicate some areas for growth that may enhance accessibility for investors.
Inherent crypto risk remains a consideration for Sui, as is the case with any asset in the cryptocurrency space. Market dynamics can be volatile, influenced by a variety of factors, including regulatory changes, technological advancements, and shifts in investor sentiment. It's essential to stay informed and conduct thorough research before investing.
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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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