SUI Price Today
The live Sui price today is $0.79765280 with a 24-hour trading volume of $89,182,493.34. Sui is -1.8% in the last 24 hours.The current MyToken ranking is #48,with a live market cap of $1,935,214,556.17. It has a circulating supply of 2,426,143,881 SUI and a max supply of 10,000,000,000 SUI.
What Is Sui?
Sui is a low-latency, high-throughput layer-1 blockchain. Its instant transaction settlement capability makes Sui an appropriate blockchain for on-chain use cases such as DeFi and GameFi. The blockchain is written in Rust (Rust is a programming language focused on fast and secure transaction execution). Rust is also the programming language adopted by Solana, another high-speed blockchain.
Sui's stated goal is to deploy decentralized applications (DApps) through a smart contract architecture that is superior to blockchain competitors such as Ethereum to "lead the next billion users to Web 3." Blockchains do this using a process called "transaction parallelization," which allows transactions to be processed in "parallel protocols." This “parallel scaling,” as Sui calls it, enables better data organization in Byzantine fault-tolerant proof-of-stake (PoS) consensus mechanisms.
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