1. Background of Sui Coin project

Sui is a brand-new Layer 1 blockchain project founded by core members of Meta (Facebook)’s former Diem project. It is developed by Mysten Labs and built using the secure Move programming language. Its native token, SUI, is used for paying gas fees, staking, and governance, forming the backbone of the ecosystem. Sui’s mainnet officially launched on May 3, 2023, aiming to empower Web3 applications with Web2-level usability. It focuses on GameFi, DeFi, and social scenarios, positioning itself as a high-performance platform designed to support the next billion users.

The project name “Sui” means “water” in Chinese, and its logo is a water droplet, symbolizing inclusivity and fluidity. Founding team members like Evan Cheng and Sam Blackshear are former Meta engineers dedicated to overcoming traditional blockchain performance bottlenecks and achieving decentralization alongside scalability. With its strong backing and technical vision, Sui quickly emerged as a flagship project of the “next-generation blockchains,” alongside Aptos.

2. Sui Coin Technology Principles

As a high-performance Layer 1 blockchain, Sui Coin’s core highlights lie in its innovative parallel execution architecture and efficient consensus mechanism. Sui uses a Delegated Proof-of-Stake (dPoS) model and combines the Narwhal-Bullshark protocol to achieve fast and secure transaction finality. Narwhal builds a DAG (Directed Acyclic Graph) to broadcast transactions, while Bullshark performs BFT-based ordering and consensus, significantly boosting network throughput.

For transaction processing, Sui supports parallel execution: non-conflicting transactions can bypass traditional consensus and reach finality via Byzantine broadcast in as little as 0.5 seconds. Complex transactions are still processed through consensus to ensure security and consistency. According to official tests, Sui’s peak TPS (transactions per second) reaches 297,000, outperforming most mainstream blockchains.

Sui’s technical stack is based on the Move programming language and employs an object-oriented data model that abstracts on-chain assets and states as objects. Coupled with a linear type system, it allows for strict tracking of asset flow and ownership in each transaction, resulting in a safer and more parallelizable execution environment.

Regarding gas fees, Sui offers extremely low transaction costs—most operations cost only a few cents or even less. Its unique “Storage Fund Gas Mechanism” allocates part of transaction fees to validator storage subsidies, enhancing long-term sustainability.

Overall, Sui combines advanced consensus, parallel processing, and low-fee design to create a high-performance, low-latency, user-friendly blockchain environment. Less than a year after launch, it already demonstrates maturity and stability, offering solid technical support for its DeFi, GameFi, and broader ecosystem.

Source:Sui

3. Sui Coin ecosystem expansion

Since the launch of Sui Network, the Sui ecosystem has rapidly expanded, covering multiple directions such as GameFi, DeFi, Meme culture, NFT, and AI protocols. By 2025, it will accelerate community expansion globally, with a focus on Southeast Asia. In the GameFi sector, Sui is committed to creating a friendly game development environment, launching the SuiPlay0X1 handheld console and hosting the Sui Gaming Summit in San Francisco to showcase the progress of blockchain games and Sui’s strategic position in the metaverse field. Currently, Sui has hatched multiple tradable game assets and NFTs.

In terms of the DeFi ecosystem, decentralized exchanges and lending protocols such as Cetus and BlueMove have successively launched, and Sui’s parallel architecture supports high-frequency trading and derivative application development. The official team is building the DeepBook order book protocol to further improve the DeFi infrastructure. Stablecoins like xUSD and cross-chain assets have also emerged in the ecosystem, enhancing asset diversity.

In terms of NFT and Meme culture, Sui has become a popular platform for NFT minting and trading due to its low Gas advantage, spurring creator communities, emoji token, and image NFTs, and attracting ordinary users to participate. The social media-driven spread of Sui Meme has also enhanced the entertainment atmosphere of the ecosystem.

In 2025, AI protocol becomes the highlight of the Sui ecosystem. Some projects are trying to introduce AI agents for NFT strategy recommendations and on-chain analysis. Sui also supports AI-driven decentralized services, such as smart advisors and AI game NPCs.

In terms of community expansion,Sui FoundationOrganizing multiple global events, especially in Vietnam and Indonesia, conducting hackathons, offline meetups, and developer training programs, cultivating Move language talents, and advancing the Sui Connect roadshow in the Middle East, South Asia, Europe, and other regions. Overall, the Sui ecosystem is making simultaneous progress in technology, applications, and global community building, laying a solid foundation for future growth.

4. Recent Major Partnerships of Sui Coin

In 2025, Sui established several key partnerships that significantly propelled its ecosystem expansion and the

First is with World Liberty Financial (WLFI)Strategic cooperation. On March 6, 2025, WLFI announced the inclusion of SUI in its macro strategic reserve assets to enhance its DeFi ecosystem funding support. WLFI’s entry is seen as enhancing Sui’s institutional market recognition and supporting the development of on-chain DeFi projects including DeepBook and Cetus. Following the announcement, the price of SUI coin significantly increased, showing a positive market response to the capital injection.

The second is Sui’s integration with the Bitcoin ecosystem. In February 2025, Sui successfully introduced wBTC (Wrapped Bitcoin) via the Sui Bridge, enabling Bitcoin liquidity on-chain. This marked Sui’s official entry into the BTCFi space, allowing users to deploy BTC assets in Sui-based DeFi protocols. Babylon Labs and Lombard Protocol provided technical support for the integration. After the announcement, the SUI price rose 8.5% in a single day, reaching one of the monthly highs, reflecting strong market reception to Bitcoin liquidity access.

The third collaboration comes from traditional finance. In March 2024, the Athens Stock Exchange (ATHEX) announced a partnership with Mysten Labs to explore blockchain-based solutions for its electronic fundraising platform (EBB). By April 2025, the two parties completed a zero-knowledge-proof-based on-chain order book system design, planning to deploy the world’s first fully on-chain securities trading system. This partnership demonstrates Sui’s ability to meet compliance and high-performance demands in traditional finance and paves the way for broader institutional adoption.

In summary, through recent collaborations with WLFI, the Bitcoin ecosystem, and ATHEX, Sui has successfully built an ecosystem loop combining DeFi, TradFi, and cross-chain integration. This not only enriches its application scenarios but also boosts market trust and long-term growth expectations.

5. Sui Coin Market Performance and Price Trends

Since its launch in 2023, the SUI token has undergone significant market volatility. Initially surging due to hype, it later declined with broader market fluctuations and token unlocks. However, favorable ecosystem developments in 2024–2025 have led to partial recovery. Key price data include:

SUI’s lowest price occurred in mid-October 2023, while the highest was shortly after its mainnet launch in May 2023. The current price hovers slightly above $2. Industry forecasts suggest it could reach $6–$11 by the end of 2025.

Source:Gate.io Spot Trading

As of the current price (~$2.2), Sui’s circulating market cap is about $7.3 billion, ranking among the top 20 in the crypto market. Circulating supply is 3.25 billion SUI, 32.5% of the 10 billion total cap. Fully diluted valuation (FDV) is around $22 billion, high among new projects, reflecting strong market expectations. However, the large proportion of locked tokens could pose future selling pressure.

On-chain activity is robust. As of April 2025, daily active addresses reached 2.46 million, surpassing Tron as the industry’s third-largest. In early April alone, over 4.1 million new addresses were added, pushing total addresses into the tens of millions. This growth is largely driven by ecosystem expansion and community engagement like Southeast Asia hackathons. However, user growth hasn’t translated into a major SUI price rally, with the token still consolidating between $2–$3.

Institutions are optimistic: CoinCodex models forecast SUI fluctuating between $2.4–$11.5 in 2025, while Cryptopolitan estimates an average of $4–$5, with highs of $6.77. Some extreme scenarios predict a breakout to $10–$20 if institutional adoption accelerates and the market turns bullish, though uncertainty remains.

Sui’s total value locked (TVL) has exceeded $1.2 billion, mainly supported by DEXs and lending protocols. Small-holder addresses are increasing, indicating growing decentralization. More application rollouts could further solidify the token’s price foundation. Overall, Sui shows strong on-chain activity, ecosystem growth, and fundamentals that support future price appreciation potential.

6. Conclusion

As a representative of next-gen blockchains, Sui Coin has rapidly expanded into GameFi, DeFi, and other sectors thanks to its parallel Move architecture and ex-Meta team. In 2025, partnerships with WLFI, wBTC, and ATHEX, along with thriving communities in Southeast Asia, have injected powerful momentum into its ecosystem. Though current valuations are high and competition fierce, if the team continues to advance “tech deployment + application expansion,” SUI is likely to gain greater market recognition in the mid to long term. As a project with high-speed processing and innovation potential, Sui deserves continuous attention from investors.

Readers are encouraged to explore blockchain knowledge in depth through Gate Learn and download the Gate.io App to track real-time SUI prices and trade securely, seizing future market opportunities.