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Updated 01:49 PM UTC

SUI SUI

$1.06

$0.0363

(3.20%)

Today

Mkt Cap$4.35B

Vol979.79M

About SUI

Sui s a Layer 1 blockchain developed by Mysten Labs, a team founded by former lead engineers from Meta’s blockchain research division. It is designed for global adoption by providing a secure, high-speed environment for digital asset ownership and removing technical barriers for Web3 applications. The platform utilizes the Move programming language to create a safe framework and supports horizontal scaling to keep fees stable and speeds high as the network grows. Significant institutional support comes from major venture capital firms including Andreessen Horowitz, Coinbase Ventures, Circle Ventures, and YZi Labs. The system functions by organizing data into independent objects rather than a single ledger of accounts. This object-centric data model enables parallel execution, allowing the network to process many transactions simultaneously instead of waiting for one to finish before starting the next. This architecture is built for rapid transaction finalization to ensure near-instant results. To maintain long-term stability, the network collects fees into a storage fund that rewards validators for keeping data on the network indefinitely. Sui offers several advanced tools including zkLogin for easier account access and sponsored transactions that allow users to interact with apps without managing complex wallets or immediate fees. Developers can also create tailored object types that work across the entire network, which encourages innovation and deep composability. These features are designed to create a more user-friendly experience for interacting with decentralized applications and digital games. The SUI token is central to the ecosystem, serving as the primary asset for transaction fees and on-chain utility within decentralized exchanges and lending platforms. Users participate in a proof-of-stake mechanism by locking their tokens to support validators and secure the blockchain in exchange for rewards. Additionally, token holders have a role in governance, allowing them to participate in voting on network rules and future protocol upgrades. Value moves through the system through these staking rewards and transaction fees to ensure the platform scales sustainably

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ETH Falls Below $2,500 as Crypto Liquidations Hit $759M

Ethereum slipped below the $2,500 mark on October 8, 2026, as global crypto liquidations surged to $759 million over 24 hours, according to a report citing Binance market data. The move highlights the tension between an elevated Fear & Greed reading and a derivatives market under...

Coinwy

ETH Falls Below $2,500 as Crypto Liquidations Hit $759M

Coinwy

More News

Crypto Investors Face a Potential Tax Shock in France: 5 Cryptos Worth Holding Through the Uncertainty

A parliamentary committee has approved measures targeting stablecoin trades and crypto holdings under the 2027 budget bill. Tax rates, exemptions, and the scope of covered transactions remain important unanswered questions. NEAR focuses on blockchain applications, HYPE on decentr...

CryptoNewsLand

SUI Price Pullback Sparks Debate: Correction or Next Buying Opportunity?

SUI trades between key support and resistance, awaiting a decisive breakout. Technical indicators remain mixed, showing weak momentum but stable structure. A move above $1.30 could strengthen the bullish outlook significantly. Sui Network — SUI, has become a major talking point a...

CryptoNewsLand

Sui’s Hashi Prepares Bitcoin Lending Launch With $500M

Key Takeaways Hashi plans a phased mainnet launch later in October. More than $500 million has been committed across its […] The post Sui’s Hashi Prepares Bitcoin Lending Launch With $500M appeared first on Coindoo.

Coindoo

Samsung Wallet to Add USDC Transfers on Solana for 82 Million US Galaxy Devices

Samsung Wallet will add USDC transfers on Solana for eligible U.S. Galaxy users in late October, reaching 82 million devices, Solana said.

Crypto Daily™

$1.16B Crypto Liquidations as Bitcoin Slips: CoinGlass Data

Crypto markets recorded $1. 16 billion in forced liquidations across a single 24-hour window, according to CoinGlass data cited in CryptoSlate's Oct. Read original article on coinwy.com

Coinwy

New tech to power bitcoin lending is set to debut with $500 million in commitments

Layer-1 blockchain Sui is launching Hashi, an institutional protocol allowing holders to use bitcoin as collateral without moving it off the Bitcoin network.

coindesk

NEAR Adds Opt-In Account Recovery for Lost Keys

NEAR is introducing an opt-in account-recovery option for users who lose their keys. The proposal addresses a familiar custody problem, but the voluntary design also means protection will depend on whether users activate it and understand its limits. Read original article on coin...

Coinwy

Circle Launches CCTP V2 on Sui for USDC Transfers

Circle has confirmed that its Cross-Chain Transfer Protocol version 2 (CCTP V2) is now live on the Sui network, enabling USDC to move between Sui and other supported blockchains. Read original article on coinwy.com

Coinwy

Samsung Is Bringing Stablecoins to Millions of Phones, Pointing to the Next Phase of Adoption

Samsung is partnering with Solana to bring stablecoin payments directly into Samsung Wallet, putting USDC on a payment platform used across millions of Galaxy devices. Starting the last week of October 2026, eligible US users will be able to send USDC across borders through Samsu...

DeFi Planet

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