Sui (SUI) GBP Price

Sui Price Data

Sui (SUI) currently has a price of £0.69 and is down -1.49% over the last 24 hours. The cryptocurrency is ranked 29 with a market cap of £2.7B. Over the last 24 hours, it saw £251.6M of trading volume. The token has a circulating supply of 4B tokens out of a total supply of 10B tokens.

SUI is the native token of the Sui blockchain, a high-performance, Layer-1 network built to support fast, scalable, and user-friendly digital asset and application experiences. Developed by Mysten Labs, Sui uses a novel object-centric data model and a parallel transaction execution engine that enables high throughput, low latency, and near-instant finality.

The SUI token plays multiple roles in the network’s operation and governance. It is used to pay for transaction fees, power smart contract execution, and secure the network through delegated proof-of-stake, where token holders can stake SUI to validators and earn rewards. SUI also acts as a governance asset, enabling participants to influence future upgrades and ecosystem direction.

Designed with performance and accessibility at its core, Sui aims to provide developers and users with a more intuitive and responsive blockchain environment. The SUI token serves as the foundation for this ecosystem, supporting applications ranging from decentralized finance and gaming to asset tokenization and emerging Web3 experiences.