$SUI Fundamental Analysis

Project Background

Sui is a high-performance Layer 1 blockchain platform developed by Mysten Labs. The core team consists of former members of Meta (Facebook) Diem project, including CEO Evan Cheng. Sui uses the Move programming language (based on Rust), has an object-centric data model, and combines the Narwhal and Tusk consensus mechanisms to support parallel transaction processing, achieving high throughput, low latency, and high scalability. Sui's goal is to optimize the Web3 user experience through innovative features like zkLogin and sponsored transactions, lowering the barriers to blockchain interaction, suitable for scenarios such as DeFi, NFT, and GameFi.

Token Economics

• Total Supply: 10 billion SUI

• Circulating Supply: Approximately 3.46 billion (34.6% of total supply)

• Token Use: SUI is used for paying gas fees, staking (PoS mechanism), governance voting, etc., supporting multifunctional applications in the ecosystem.

• Unlocking Plan: The next unlocking will occur on August 1, 2025, releasing 56.91 million SUI (0.57% of total supply), which may bring short-term selling pressure risks.

Ecosystem Progress

• DeFi Ecosystem: According to DefiLlama data, Sui's TVL (Total Value Locked) has surpassed $2 billion, ranking 8th among all blockchains, showing strong ecosystem growth. In Q2 2025, Sui's DeFi trading volume increased by 30%, with significant growth in BTCfi (Bitcoin-related finance), accounting for about 10%.