Sui
SUI
Watchlist
₹285.46
LIVE
Watchlist
24H Low ₹280.02
24H High ₹309.76
Price of SUI today
The current live price of SUI today is ₹285.46, with a 24-hour trading volume of ₹1,02,58,96,70,867.20. Our SUI to INR price is updated in real-time. SUI has seen a decrease of -5.91% in the last 24 hours. With a live market cap of ₹8,36,36,56,90,431.04 , the circulating supply is at 2,927,660,019 SUI coins, with a maximum supply of 10,000,000,000SUI coins.
Sui Price History
Date Comparison | Amount Change | % Change |
---|---|---|
Today | -₹16.47 | 5.45% |
7 Days | -₹5.89 | 2.02% |
30 Days | ₹117.67 | 70.07% |
1 Year | ₹230.25 | 415.98% |
Sui Price Information
Price Change (1hr)
5.89%
Price Change (24hr)
5.45%
Price Change (7d)
2.02%
Sui Market Stats
Market Cap
₹8,36,36,56,90,431.04
Fully Diluted Market Cap
₹28,56,77,19,10,430.24
24hr Volume
₹1,02,58,96,70,867.20
43.82%
Circulating Supply
2927660018.56 SUI
Total Supply
10000000000 SUI
Things to know about Sui
What is the token?
Sui (SUI) is a novel Layer 1 blockchain and smart contract platform that aims to deliver the benefits of Web3 with the ease of Web2. It is designed to facilitate fast, private, secure, and accessible digital asset ownership. Sui’s infrastructure is scalable, secure, and affordable, making it an attractive platform for innovative companies to build upon. The platform supports dynamic and composable assets, allowing for a familiar user experience similar to traditional web applications. Sui is positioned to meet the growing demands of the future, with network capacity that expands to accommodate increasing usage. It is particularly well-suited for gaming and other applications that require high functionality, abstraction, scalability, speed, and affordability.
Tokenomics
SUI is used to pay for gas fees on the network.
It is also used as delegated stake on authorities within an epoch.
The voting power of authorities is a function of this delegated stake.
Fees collected through transactions are distributed to authorities according to their contribution to the operation of Sui.
Authorities share some of the fees as rewards to addresses that delegated stake to them.
Total supply
: 10,000,000,000 SUI.
Market Data
As of today #{today’s date}, the price of Sui is ₹285.46 INR or 3.2439 USD, with a 24-hour trading volume of 1165791714.4 USD. The market capitalisation for Sui is 9504155573.08USD. The circulating supply is 2927660018.56 Sui, with the total supply also being 10000000000 Sui.
Token Pros and Cons
Pros:
Sui’s scalable infrastructure is designed to be fast, secure, and affordable, which is beneficial for developers and users alike.
The platform’s use of the Move programming language ensures safety and expressiveness in smart contract creation and asset management.
Sui’s object-centric model allows for parallel execution and sub-second finality, which can support a wide range of applications.
The network’s capacity to expand with demand makes it future-proof and capable of handling increased usage without compromising performance.
Sui’s tokenomics incentivize validators and stakeholders to contribute to the network’s security and operation.
Cons:
As a newer blockchain platform, Sui may face challenges in gaining adoption and competing with established blockchains.
The complexity of the Move programming language may present a learning curve for developers new to the platform.
The success of the platform is dependent on the growth and engagement of its community and ecosystem.
The distribution of transaction fees as rewards requires a high volume of network activity to be financially attractive to validators and stakeholders.
The need for continuous technological advancements to maintain scalability and security could lead to increased complexity in network management.
Why Should You Invest in the coin?
Sui’s unique approach to asset management and smart contract programming using the Move language offers a secure and efficient platform for developers.
The platform’s scalability and ability to handle high throughput make it suitable for a wide range of applications, including gaming and DeFi.
Sui’s tokenomics model provides a clear incentive structure for validators and token holders, potentially leading to a robust and secure network.
The Sui ecosystem is actively growing, with over 80 projects funded, indicating a vibrant community and increasing adoption.
The platform’s focus on a user-friendly experience could lead to higher engagement and retention rates, benefiting investors in the long term.
USP of the coin
Sui’s object-centric model and use of the Move programming language enable parallel execution and sub-second finality, setting it apart from other blockchains.
The network’s ability to expand capacity with demand ensures that it can grow with its user base without compromising on speed or security.
Sui’s focus on a familiar user experience, allowing users to authenticate with web credentials, reduces friction and could accelerate mainstream adoption.
Problem the coin is solving
Sui is addressing the need for a scalable, secure, and user-friendly blockchain platform that can handle the demands of modern applications. It aims to make digital asset ownership and smart contract execution fast and accessible, while also providing a secure and scalable infrastructure for a wide range of use cases, including gaming and DeFi.
Founder and team background
Sui is developed by Mysten Labs, founded by Evan Cheng, Adeniyi Abiodun, Sam Blackshear, George Danezis, and Kostas Chalkias, who have extensive experience in blockchain technology and were key contributors to the Diem blockchain and Move programming language.
ICO Price
Sui conducted its ICO from April 18 to May 3, 2023. The ICO was part of a broader effort to raise funds for the development and launch of the Sui blockchain, a permissionless Layer 1 blockchain designed to enable creators and developers to build experiences for the next billion users in web3.
Funding Rounds and Token Sale Details
Sui’s funding was divided into several rounds, with significant interest from both private investors and the public. The total token supply for SUI is 10,000,000,000 tokens.
Initial Exchange Offerings (IEOs)
IEO on April 23 - 24, 2023
: Raised $22.50M with a token price of $0.100. The ROI from this IEO was 15.22x in USD terms, with an all-time high (ATH) ROI of 16.5x.
IEO on April 23 - 24, 2023
: Another segment on the same dates raised $750.00K with a token price of $0.03. The ROI was 50.73x in USD terms, with an ATH ROI of 55.01x.
IEO on April 23 - 24, 2023
: A smaller segment raised $50.00K with a token price of $0.100, achieving the same ROI as the larger $22.50M raise.
IEO on May 1 - 3, 2023
: Raised $2.82M with a token price of $0.03. The ROI was 50.73x in USD terms, with an ATH ROI of 55.01x.
Total Raised
Public Sale
: $49.37M (13% of the total raised funds).
Funding Rounds
: $336.00M (87% of the total raised funds).
Total Raised
: $385.37M.
Initial Circulating Supply
Public Sale Allocation
: 594.50M SUI.
Public Sale Cap
: $49.37M, accounting for 5.95% of the total supply.
Token Allocation and Vesting
The SUI tokens bought during the General Sale are subject to a vesting period. Specifically, 1/13 of the tokens will be unlocked at the Token Generation Event (TGE). After 30 days, an additional 1/13 will be released monthly, ensuring that all purchased tokens will be fully distributed within twelve months from the TGE date.
Risks Associated in Investing in the Coin
The success of Sui is contingent on its ability to attract developers and users, which is not guaranteed.
The platform’s newer status means it has less proven security and stability compared to more established blockchains.
The complexity of the Move programming language may deter some developers from building on Sui.
The value of SUI tokens is subject to market volatility and the overall success of the Sui ecosystem.
As with any investment in cryptocurrency, there is a risk of loss due to regulatory changes, technological issues, or market dynamics.
Whitepaper Insights
The Sui whitepaper presents a comprehensive overview of the Sui smart contract platform, which is a decentralized, permissionless blockchain designed for low-latency management of assets. It utilizes the Move programming language to define and manage assets as objects that can be owned by an address. Move programs specify operations on these objects, including rules for their creation, transfer, and mutation. Sui is maintained by a permissionless set of authorities, similar to validators or miners in other blockchain systems, and employs a Byzantine consistent broadcast protocol to ensure the safety of operations on assets.
The whitepaper is divided into two main parts: Section 2, which describes the Sui programming model using the Move language, and Section 4, which details the operations of the permissionless decentralized system that ensures safety, liveness, and performance for Sui.
Key aspects of the Sui platform include:
Move Smart Contract Programming
: Sui smart contracts are written in Move, which is safe and expressive, and supports parallel agreement/execution strategies for scalability. Move is an open-source language originally developed for the Diem blockchain and is platform-agnostic.
Global State and Object Model
: Sui’s global state consists of programmable objects managed by Move packages, which are collections of Move modules. These objects can be categorized into struct data values and package code values. The object-centric model allows for parallel execution and sub-second finality.
Transaction Process
: Users create and sign transactions to mutate objects they own within Sui. These transactions are sent to Sui authorities, which check them for validity, sign them, and return the signed transaction to the client. The client then collects responses from a quorum of authorities to form a transaction certificate.
Ownership and Sharing of Objects
: Sui objects can be transferred to new owners, transferred to parent objects, or shared mutably or immutably within the Sui system. This flexibility in ownership and sharing is unique to Sui.
External Entities
: Sui light clients, replicas, and services may also interact with the system, contributing to its operation and integrity.
The whitepaper also discusses Sui's economic model, including the distribution of transaction fees, the staking rewards system, and governance mechanisms for protocol upgrades and chain parameters. It concludes with a discussion of future developments and the roadmap for the Sui platform.
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Price as per 01:46 PM • 02 Dec 2024
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What is the price of Sui (SUI)?
The current price of Sui (SUI) in INR is ₹285.46 INR.
What is the current SUI market cap?
The current market capitalization of Sui (SUI) is ₹8,36,36,56,90,431.04 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of SUI by the number of coins in circulation.
What is the current supply of Sui (SUI)?
The current supply of Sui (SUI) is 2927660018.56 SUI. This figure represents the total number of coins that have been mined and are currently in circulation.
What is the 24 trading volume of Sui (SUI)?
The 24-hour trading volume of Sui (SUI) in INR is ₹1,02,58,96,70,867.20. This figure represents the total value of all SUI transactions across various exchanges within the last 24 hours.
How to Buy Sui (SUI) in India?
To buy Sui (SUI) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in SUI.
Can I buy Sui (SUI) with UPI?
Yes, you can buy Sui (SUI) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.
How to Convert Sui (SUI) to Indian Rupee (INR)?
To convert Sui (SUI) to Indian Rupee (INR), you can use our SUI/INR conversion rates in real time.