What is Sui? Your Complete SUI Guide for 2025

What is Sui? SUI Explained September 2025

Sui is a high-performance Layer 1 blockchain and smart contract platform that officially went live in May 2023. It was built to be fast, secure, and ready for mainstream use. Its native cryptocurrency, the SUI token, is central to the network’s operations, security, and governance.

At its core, Sui is a platform for developers to build decentralized applications (dApps) that require rapid and low-cost transactions. It was created by Mysten Labs, a company founded by former top engineers from Meta who had previously worked on the Diem blockchain project. They designed Sui to handle a wide variety of applications, with a special focus on gaming, decentralized finance (DeFi), and digital collectibles like NFTs. As of early September 2025, the market capitalization of SUI is over $12 billion.

Sui is primarily used by developers who require a highly scalable environment for building next-generation dApps, as well as by users seeking a seamless on-chain experience without lengthy waits or unpredictable fees. The platform aims to make digital asset ownership quick, private, and accessible to everyone. Sui’s foundational architecture and method for processing transactions give it a distinct edge in the crowded blockchain space.

Why is Sui Unique? SUI Features

Sui’s impressive performance and user-friendly approach are the results of several specific technological and economic designs that set it apart.

One of the most significant features is its object-centric data model. Most blockchains bundle transactions together and process them sequentially, one after another. Sui, on the other hand, treats data as individual “objects.” This allows the network to identify transactions that are unrelated to each other and process them simultaneously, or in parallel. This parallel processing capability significantly increases speed and efficiency.

The platform is built using the Move programming language, which was also developed by the ex-Meta team. Move is designed with security as a primary concern, helping developers write safer smart contract code and avoid common vulnerabilities. This focus on security makes the network a more dependable foundation for complex applications that manage valuable digital assets.

The SUI token itself has a thoughtful economic design. With a total capped supply of 10 billion tokens, it’s used for paying transaction fees, staking to secure the network, and participating in governance votes. A unique component of its economy is the “storage fund.” When users store data on the blockchain, the fees they pay are added to this fund. The fund then redistributes these fees to future validators to cover storage costs, ensuring the network’s long-term financial health. This mechanism also creates a deflationary pressure on SUI, as increased on-chain activity effectively removes tokens from the circulating supply.

Sui’s uniqueness comes from a powerful combination of its object-centric model enabling parallel transaction processing, the secure Move programming language, a sustainable token economy with a storage fund, and features that lower the barrier to entry for everyday users.

Sui History, Facts & Statistics

The story of Sui starts with Mysten Labs, a company founded in 2021 by a group of former top-level executives from Meta (formerly Facebook). This team had previously worked on the ambitious but ultimately shelved Diem blockchain project and created the Move programming language. Armed with this experience, they set out to build a new blockchain from the ground up that could handle a global scale of users.

The Sui mainnet officially went live in May 2023, backed by significant venture capital funding. Since its launch, the network has continued to expand its capabilities, introducing a new, faster consensus engine called Mysticeti in April 2024 and securing a partnership with the payments platform xMoney to bridge the gap between cryptocurrency and everyday spending in Europe.

Sui Key Facts & Statistics

• The total supply of SUI is capped at 10 billion tokens.
• Sui uses an object-centric data model that allows for parallel transaction execution, a key feature that sets it apart from many other blockchains.
• Smart contracts on Sui are written in Move, a language developed at Meta with a strong focus on security and asset management.
• The network is designed for high throughput, with a theoretical capacity of up to 297,000 transactions per second (TPS).
• Sui was created by Mysten Labs, a company established by former senior engineers and executives who led Meta’s Diem blockchain project.
• The Sui mainnet was launched on May 3, 2023.
• Sui initially used a consensus mechanism called Narwhal and Tusk. It has since introduced Mysticeti, a redesigned engine that further reduces transaction confirmation times.
• The highest price SUI has reached is $5.35.
• The lowest price SUI has traded at is $0.3648.
• In September 2022, Mysten Labs secured $300 million in a Series B funding round from major investors, including a16z, Coinbase Ventures, and Binance Labs.
• A key feature is zkLogin, which lets users create a crypto wallet using familiar web credentials from platforms like Google and Twitch, removing a common barrier for new users.
• In May 2025, the Cetus decentralized exchange on Sui was hacked, resulting in a loss of approximately $223 million. This incident led to a controversial decision by the Sui Foundation and validators to freeze the stolen assets.

The value of SUI is not fixed and can change rapidly due to market conditions and other external factors.

SUI Price Predictions. Is Sui Going to Crash or Moon in 2025?

Since its launch, the SUI token has experienced significant fluctuations, which shows the broader market’s temperament and its own developmental milestones. The token has experienced a wide trading range, reaching an all-time high of $5.35 while also dropping to a low of $0.3648. This type of movement highlights the opportunities and risks associated with newer blockchain projects.

Navigating these price changes requires a good read of market sentiment and the project’s underlying health. The difference between its highest and lowest prices illustrates how quickly its market valuation can fluctuate in response to news, adoption rates, and broader crypto market trends.

For 2025, market watchers have offered a variety of outlooks for SUI. Some analyses point toward a period of consolidation and steady growth. For instance, predictions for the latter part of the year suggest a trading range between $3.70 and $4.30 in September, potentially climbing to a range of $5.20 to $6.00 by December if favorable market conditions continue. Some more bullish forecasts predict SUI will push toward the $7 mark, driven by ecosystem growth and increased adoption.

These forecasts are built on the idea that as more developers build on Sui and more users join the network, the demand for the SUI token will naturally increase. Projects in high-growth areas, such as gaming and DeFi, are seen as key drivers of this potential price appreciation.

Several elements play a role in shaping SUI’s market value. On the positive side, technological upgrades, like the rollout of the Mysticeti consensus engine, can boost confidence by improving network performance. Strategic partnerships, such as those with financial institutions or popular gaming studios, also signal growing real-world use and can attract new investment. A thriving ecosystem of dApps keeps users engaged and creates a steady demand for SUI to pay for gas fees and participate in network activities.

Conversely, there are factors that could apply downward pressure on the price. A major one is scheduled token unlocks, which increase the circulating supply and can lead to selling pressure if early investors decide to take profits. Security breaches, like the hack on the Cetus exchange, can damage trust in the ecosystem’s safety.

For a deeper look into SUI’s potential price movements, check out this SUI price prediction report.

Sui Risks, Scams and Hacks

Investing in or trading SUI, like any digital asset, comes with its own set of challenges. Beyond typical market fluctuations, the ecosystem has its share of scams and security incidents that users need to be aware of. High-growth platforms often attract unwanted attention from malicious actors seeking to exploit newcomers and experienced users alike. Being informed about these potential dangers is the first step toward protecting your assets.

In May 2025, the Cetus decentralized exchange (DEX), a platform built on the Sui blockchain, was targeted by a hacker. The attacker successfully drained approximately $223 million from the DEX’s liquidity pools. In a move that stirred debate about the network’s decentralization, the Sui Foundation and network validators intervened by freezing the stolen assets. While supporters viewed it as a necessary emergency measure to protect users, critics saw it as a sign of centralization. Other incidents include various airdrop scams in March 2025, where fake websites tricked users into connecting their wallets, leading to widespread fund theft.

How to Avoid Sui Scams and Hacks?

Staying safe requires a proactive mindset. Here are some key practices to keep in mind:

• Verify Everything: Always double-check website URLs, social media handles, and announcements. Scammers are experts at creating convincing fakes of official sites and profiles.
• “Too Good to Be True” Usually Is: Be extremely skeptical of surprise giveaways, airdrops you didn’t sign up for, or anyone promising guaranteed high returns. Official projects rarely communicate major announcements through direct messages.
• Use a Burner Wallet: When interacting with a new or untrusted decentralized application (dApp), consider using a separate “burner” wallet that holds only a small amount of funds. This limits your potential losses if the dApp turns out to be malicious.
• Read Transaction Permissions: Before approving any transaction, carefully read what permissions you are granting. Malicious smart contracts can ask for broad permissions that allow them to drain all the assets from your wallet.

How to Secure Your SUI?

Taking direct control of your asset security is critical. Here are steps you can take to safeguard your SUI tokens:

• Use a hardware wallet for storing a significant amount of SUI. These devices keep your private keys offline, making them immune to online hacking attempts.
• Enable two-factor authentication (2FA) on every exchange and platform that supports it. This adds an extra layer of security beyond just a password.
• Keep your wallet software, browser extensions, and operating system updated to protect against the latest security weaknesses.
• Never share your seed phrase or private keys with anyone. Your recovery phrase is the master key to your wallet; anyone who has it has full control of your funds.

Always rely on information from Sui’s official channels for news and updates. Be cautious of connecting your wallet to unknown websites or dApps, especially those promoted by unverified sources.

Latest News on Sui

Since its mainnet launch in May 2023, Sui has been actively building out its ecosystem and technology. The platform has secured several key partnerships and integrations aimed at improving user experience and expanding its real-world applications.

Noteworthy developments include a partnership with World Liberty Financial and the integration of the popular Phantom wallet, making it easier for users to manage their assets. The introduction of zkLogin lets people create wallets using familiar web credentials from services like Google and Twitch, removing a major barrier for new users.

Here are some of the most recent developments and upcoming events for Sui:

• Phantom Wallet Support: The widely-used Phantom wallet announced support for the Sui network in January 2025.
• xMoney Partnership: Sui partnered with financial platform xMoney to launch a branded virtual Mastercard, allowing users in Europe to spend their crypto.
• World Liberty Financial Partnership: A new partnership with World Liberty Financial was announced in March 2025.
• Upcoming Token Unlock: 44 million SUI tokens are scheduled to be unlocked on October 1, 2025.

To stay current with these and other developments, it’s best to follow official sources. For a continuous stream of information, you can always check for the latest Sui news.

You can find verified information on these official social media channels:

• Sui on X/Twitter
• Sui on YouTube
• Sui on LinkedIn

How to Get Started with Sui?

Getting started with the Sui network is a straightforward process, designed to be welcoming for even those new to the blockchain space. Features like zkLogin allow you to create a wallet using familiar credentials from Google or Twitch, removing some of the usual hurdles.

Here is a simple breakdown of the steps to begin your activity on the Sui network:

1. Set Up a Sui-Compatible Wallet: Your first move is to get a digital wallet that supports the Sui blockchain. The official Sui Wallet, developed by Mysten Labs, is a popular choice and includes the zkLogin feature. Other options like Ethos Wallet and Suiet Wallet also offer great user experiences. During setup, you’ll be given a recovery phrase. Be sure to store this phrase securely offline, as it’s the only way to recover your assets if you lose access to your device.
2. Acquire SUI Tokens: The native token of the network is SUI, which you’ll need for transaction fees (gas) and interacting with applications. You can purchase SUI on most major centralized crypto exchanges, such as Binance, OKX, and HTX. The process typically involves creating an account, depositing funds, and then trading for SUI.
3. Transfer SUI to Your Personal Wallet: After buying SUI on an exchange, you need to move it to the Sui wallet you created in the first step. To do this, find the “withdraw” option on the exchange, select SUI, and enter your unique Sui wallet address. Double-check the address for accuracy before confirming the transaction.
4. Explore the Sui Ecosystem: With SUI in your wallet, you’re ready to check out the decentralized applications (dApps) built on the network. The ecosystem is active, especially in DeFi and gaming. You can trade tokens on a decentralized exchange (DEX) like Cetus, use lending platforms like Suilend and NAVI, or explore NFT and gaming projects.

All information is current as of September 2025.

What is Sui? FAQs

Here are answers to some frequently asked questions about Sui in 2025:

Is Sui Crypto a Good Investment?

Sui shows potential with its strong backing from investors like a16z and a fixed supply of 10 billion tokens, which promotes economic stability. Its focus on high-demand areas like gaming and DeFi, plus a unique deflationary storage fund, makes it an interesting project. However, as a relatively new blockchain, it faces competition and the typical risks associated with an early-stage ecosystem.

Is Sui Better Than Eth?

Sui offers major performance advantages over Ethereum, boasting theoretical speeds of up to 297,000 TPS versus Ethereum’s much lower rate, alongside cheaper gas fees. It also uses the Move language for enhanced security. However, Ethereum remains the leader in decentralization and has a vastly larger and more battle-tested ecosystem.

Is Sui The Same As Solana?

While both are high-speed Layer 1s, Sui is not the same as Solana. Sui uses a unique object-centric model for parallel processing and boasts a theoretical speed of 297,000 TPS, compared to Solana’s 65,000 TPS. Solana has experienced network outages, a problem Sui’s architecture is designed to prevent.

What is The Future of Sui?

Sui’s future looks focused on gaming, DeFi, and real-world payments, supported by strong partnerships and technical upgrades like the Mysticeti consensus engine. The ecosystem is expanding with an increasing number of dApps and integrations. A significant focus is on BTCFi, with over 10% of its total value locked already being Bitcoin-backed assets.

Can Sui Reach $10?

Reaching $10 is a possibility for Sui, though it depends on strong market conditions and continued ecosystem growth. Its all-time high stands at $5.35, and some long-term price predictions for 2029 place it in the $9.50 to $13.00 range. This would push its market cap well over $35 billion, a significant but achievable milestone.

Will Sui Boom in 2025?

Many signs point to a strong performance for Sui in 2025, with price predictions for year-end sitting between $5.20 and $6.00. Growth is driven by key partnerships and a strong push into gaming and real-world assets. While the outlook is positive, investors should watch for token unlocks, which can create temporary selling pressure.