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Sui (SUI) is a Layer 1 blockchain and smart contract platform designed to enhance digital asset ownership by making it fast, private, secure, and accessible. Developed using the Move programming language, Sui enables parallel transaction processing and sub-second finality, supporting a wide range of applications with high speed and low cost.

As of December 29, 2024, SUI is trading at $4.23 USD, reflecting a 4.35% increase over the past 24 hours. The 24-hour trading volume stands at approximately $806 million, with a circulating supply of about 2.93 billion SUI tokens, leading to a market capitalization of around $12.38 billion.

SUI tokens serve multiple functions within the Sui ecosystem, including:

Gas fee payments: Covering transaction execution and on-chain data storage costs.

Proof-of-stake participation: Implementing a delegated proof-of-stake mechanism that rewards validators and SUI token holders who stake with them.

Application utility: Acting as a versatile asset integral to various applications within Sui’s ecosystem, such as decentralized exchanges, lending platforms, and gaming.

Governance: Empowering holders to participate in on-chain voting on significant matters like protocol upgrades and platform changes, shaping the future of Sui.

Sui’s architecture is designed for scalability, with the network capable of processing over 297,000 transactions per second and achieving an average time to finality of approximately 400 milliseconds.

For developers, Sui offers a secure and intuitive platform, leveraging the Move programming language to mitigate common exploits found in other smart contract languages. This facilitates the creation of user-friendly applications, accelerating the evolution of Web3 experiences.

SUI tokens are available for trading on various centralized crypto exchanges, including Binance, Bybit, and OKX, with the most active trading pair being SUI/USDT on Binance.