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Sui (SUI) GBP Price
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About Sui
Sui Price Data
Sui (SUI) currently has a price of £0.51 and is down -3.19% over the last 24 hours. The cryptocurrency is ranked 34 with a market cap of £2.1B. Over the last 24 hours, it saw £293.6M of trading volume. The token has a circulating supply of 4B tokens out of a total supply of 10B tokens.
SUI is the native token of the Sui blockchain, a high-performance, Layer-1 network built to support fast, scalable, and user-friendly digital asset and application experiences. Developed by Mysten Labs, Sui uses a novel object-centric data model and a parallel transaction execution engine that enables high throughput, low latency, and near-instant finality.
The SUI token plays multiple roles in the network’s operation and governance. It is used to pay for transaction fees, power smart contract execution, and secure the network through delegated proof-of-stake, where token holders can stake SUI to validators and earn rewards. SUI also acts as a governance asset, enabling participants to influence future upgrades and ecosystem direction.
Designed with performance and accessibility at its core, Sui aims to provide developers and users with a more intuitive and responsive blockchain environment. The SUI token serves as the foundation for this ecosystem, supporting applications ranging from decentralized finance and gaming to asset tokenization and emerging Web3 experiences.
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© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Frequently Asked Questions
Most blockchains store state as a shared global ledger every transaction must touch. Sui stores data as individual objects owned by specific addresses. Because most transactions involve separate objects with no overlap, they can be processed simultaneously rather than sequentially, enabling genuine parallel execution at scale.
Move was created by Meta (originally for the Diem project) and later adopted by Sui. It treats assets as first-class objects with strict ownership rules enforced at the compiler level, making entire categories of exploits common in Solidity, such as reentrancy attacks and unauthorized asset duplication, structurally impossible.
When users store data on Sui they pay a fee that flows into the Storage Fund. A portion of this fee is permanently burned, while the remainder compensates validators for ongoing storage costs. As network usage grows, burn pressure increases alongside it, creating a deflationary mechanism tied directly to real usage.
Sui has a 10 billion token hard cap. Early allocations to investors, team, and foundation are subject to multi-year vesting schedules, with meaningful unlock tranches extending past 2025 and into the late 2020s. A significant portion of supply remains locked or in the storage fund reserve beyond 2030, limiting near-term circulating supply.
SuiPlay0X1 is a handheld gaming device built to run Sui-native blockchain games with web2-level speed. Sui’s parallel processing and sub-second finality make it uniquely suited for gaming, where transaction latency would otherwise break gameplay. The device is designed to make onchain asset ownership invisible to players while keeping it fully functional in the background.