Sui Network (SUI) Price

Info

Contract Address

SUI 0x2::sui::SUI

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About Sui Network (SUI)

The native coin of Sui is SUI. The coin uses the capitalized version of SUI to distinguish the coin from the Sui network. A sound policy to govern the native coin on a blockchain ensures stability and encourages growth. The Sui tokenomics structure is designed to support the long-term financial needs of Web3, not get-rich-quick schemes that have plagued the industry in the past.

The total supply of SUI tokens on Mainnet is capped at 10,000,000,000 SUI (ten billion). This is the total number of SUI that can ever be minted, but the total supply is not available for transactions. Supply availability follows the designed unlocking schedules in place to enhance the tokenomics stability of the network and provide a long-term level of security.

There is a finite supply of SUI. The balance must support all economic activities to scale as more and more people migrate to the Sui platform. In addition, the presence of a storage fund creates important monetary dynamics, in that higher on-chain data requirements translate into a larger storage fund, reducing the amount of SUI in circulation.

During each epoch, users submit transactions to the Sui platform and validators process them. For each transaction, users pay the associated computation and storage gas fees. In cases where users delete previous transaction data, users obtain a partial rebate of their storage fees. Validators observe the behavior of other validators and evaluate each other's performance.