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Live SUI/INR Price
₹70.64
0.07%
Price Changes
₹0.049448
0.07%
24h Low
₹70.4
24h High
₹71.89
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SUI
Price
INR
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Sui, a layer-1 blockchain, employs a Delegated Proof-of-Stake mechanism secured by its native token SUI.
Former Meta engineers Evan Cheng, Adeniyi Abiodun, Sam Blackshear, George Danezis, and Kostas Chalkias founded Mysten Labs. With funding secured through Mysten Labs, they developed Sui in December 2021.
1. Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed to make digital asset ownership fast, private, secure, and accessible.
2. Sui seeks to ensure that Web3 applications are accessible and user-friendly.
3. As everything on Sui is an object, the ability to define object types allows developers to create objects tailored to their application needs with inherent network-wide compatibility.
4. The Sui blockchain has three core elements that work together to process instant settlements at a low cost: Move language, parallel transaction execution, and the Sui Consensus Engine.
Sui provides low-latency transactions at stable transaction fees. The network empowers developers to launch the next generation of Web3 applications.
If you are looking to buy SUI, you can check out third-party cryptocurrency exchanges like CoinSwitch.
1. Transaction fee: SUI is used as the currency to pay gas for all operations on the Sui blockchain.
2. Staking/bonding/slashing asset: Validators stake SUI to participate in the transaction consensus process. In cases of fraud, SUI tokens will be cut as punishment.
3. Medium exchange: SUI acts as an asset that serves as a medium of exchange.
4. Governance: It allows Sui blockchain investors to participate in on-chain voting.
• Decentralization.
• Low latency.
• Scalability.
• User-friendly platform
• Low network throughput.
• Slower consensus speed.
• Lack of widespread acceptance.
• It is still a developing ecosystem.
1. You can invest and trade SUI for just ₹100.
2. Trade SUI at a nominal fee.
3. Easily manage your transactions and your portfolio.
Sui has raised a total of $336,000,000 to date, and Sui is currently valued at $2,000,000,000.
Initia
SuiInitiaPrice
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24h Price Difference %
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₹0
7d Price Difference %
₹0
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Market Cap
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-
24h Trade Volume
-
-
Circulating Supply
-
-
Market Rank
-
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1. When was Sui coin launched?
The Sui coin was launched on April 23, 2023, with its mainnet launch following on May 3, 2023.
2. How does Sui coin cryptocurrency work?
Sui coin operates on a Layer 1 delegated Proof-of-Stake (dPoS) blockchain built by Mysten Labs. It uses the Move programming language to facilitate smart contracts and on-chain transactions. The SUI token is utilized for transaction fees, staking, and governance within the network, enabling efficient and secure decentralized applications.
3. How Many Sui coin Are There?
The total supply of Sui coins is set at 10 billion, with a current circulating supply of approximately 2.5 billion SUI coins.
4. How to invest in Sui coin cryptocurrency?
You can invest in Sui coins using the CoinSwitch app.
Highlight
SUI is the native crypto of the Sui blockchain. On the network, you can use SUI to pay gas fees, execute on-chain transactions, and stake security for the network.
SUI Price Today
SUI Price
₹70.64
Price Change 24h
0.07%
Price Change 7d
1.39%
Market Rank
#26
Market Cap
₹25,912 Cr.
Trade Vol 24h
₹1,958 Cr
Circulating Supply
₹403 Cr. SUI
Trading Activity
83% Buy17% Sell
Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.
