Sui

SUI Launched 2023 source

What this page is: neutral, sourced facts about Sui. Every line links where it was checked. 9 facts, 6 from primary sources. Educational, not financial advice.

Live chart

Live chart from TradingView, loaded only when you click. The chart is for viewing only. It is not a signal or advice, and this page shows no other prices.

Sui chart

Loads from TradingView only when you click, which then receives your IP address. See our privacy page.

Launch

On May 3, 2023 Sui Mainnet launched, opening up the network to unfettered public use. primary source source

Founders and creators

Developed by Mysten Labs, founded by former Meta engineers. secondary source source

Origin story

Sui's technical foundations trace to Diem (originally called Libra); Mysten Labs announced Sui publicly in March 2022 and opened a public devnet in August 2022. secondary source source

Stated purpose

Sui is built around an object-centric data model and a variant of the Move programming language. secondary source source

Consensus mechanism

SUI can be staked to participate in the proof-of-stake mechanism. primary source source

Supply model

Sui's docs list a total supply cap on Mainnet of 10,000,000,000 SUI. primary source source

Main uses today

SUI is the asset denomination needed to pay the gas fees required to execute transactions or other operations on the Sui network. primary source source

Key milestones

On November 3, 2023, Sui recorded seven million active accounts as a new user milestone. primary source source

Notable events and controversies

Cetus protocol on Sui was incident (May 2025) led to an onchain community vote on recovering funds. primary source source

Sources & studies

Last checked: 2026-11-04 · Prices, market caps and circulating supply are left out on purpose because they change by the minute. Educational, not financial advice.

Education only, not financial advice. No signals. Backtests are hypothetical: real trading can be worse. Past results don't predict future results.