what's sui?
Sui is a Layer 1 blockchain and smart contract platform designed to enable fast, secure, and accessible digital asset ownership, bridging the gap between Web3 capabilities and Web2 usability. Launched in 2023 by Mysten Labs, it utilizes an object-centric data model and the Move programming language to achieve high throughput, low latency, and scalability for applications in DeFi, NFTs, gaming, and beyond. Key features include parallel transaction processing for sub-second finality, low-cost transactions, and enhanced privacy through zkLogin and sponsored transactions. The network supports a vibrant ecosystem with recent milestones like record TVL surpassing $2.6 billion, integrations for BTCfi, and launches of native stablecoins such as suiUSDe and USDi powered by Ethena. Sui's infrastructure facilitates seamless cross-chain interoperability and institutional adoption, positioning it as a leader in next-generation blockchain technology.
Sui launched AI agent hackathon, partnered with Coinbase, grew DeFi TVL, and integrated ad tech.
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sui
Processes over 15 million verified ad impressions per day on-chain through AlkimiExchange.
Hosts live-streamed event in Miami on May 5-7, 2026, broadcasting worldwide.
TSUI spot ETF accumulated $9.2M in assets under management on its first trading day.
Launched the world's first AI red teaming platform on Sui Network.
21shares Spot SUI ETF (TSUI) launched and began trading on Nasdaq on 2026-02-24.
TVL exceeded $1B with 30-40% weekly growth.
Monthly DEX volumes hit $6.5-$6.8B.
Reached $43B cumulative Layer 1 token volume year-to-date from 2026-01-01 through 2026-02-22.
Processed over $100B in stablecoin transfers in the past 6 months.
Integrated with GoPlus security infrastructure in H2 2025, expanding security coverage for the chain.
Hosts the EVE Frontier x Sui Hackathon 2026 with CCP Games, offering an $80,000 prize pool for developers creating mods using Smart Assemblies, running from March 11–31, 2026.
Hosts a writing competition with a $10,000 prize for articles about the ecosystem, ending on 2026-02-27.
Launched USDsui, a native USD-pegged stablecoin on the Sui network, issued by Bridge (a Stripe company) in November 2025, designed for fee-free transfers and interoperability with other Bridge-powered stablecoins across ecosystems including Phantom, Hyperliquid, and MetaMask.
21Shares filed a 424B3 prospectus supplement for their SUI spot ETF, the final regulatory filing step before the ETF goes live, which will bring the total number of live SUI spot ETFs to 3.
Sui is included in skate_chain's shared USDC/USDT liquidity pool that now spans 6 chains (Solana, Sui, Arbitrum, Ethereum, BNB Chain, and Base).
Unlocks 43.35M SUI tokens, valued at $41M (1.13% of supply), on March 1, 2026.
Launched a points program for DeepBook interactions where any usage through direct trading, aggregators, or protocols built on top accrues points with multipliers for deeper integrations.
Unlocks 53.82 million SUI tokens, valued at $48.87M, from February 23 to March 2, 2026.
Burns 30-40 SUI per day through Aftermath Perps.
Walrus Protocol, part of the SUI ecosystem, has reached 5.2 million onchain transactions and over $10 million in weekly volume.
VanEck Europe launched a regulated Sui ETN (ticker: VESU) on Deutsche Börse Xetra, fully collateralized.
All top-10 protocols on the network exceeded $100M TVL in 2025.
Recorded a peak 24-hour trading volume of $3.5B on May 22, 2025.
Implemented free stablecoin transfers for USDC and USDT.
Achieved a peak market cap of $14.9B in 2025.
Reached an all-time high price of $4.30 on July 27, 2025.
Absorbed major token unlocks totaling over $60M in late 2025.
AftermathFi launched an order book-based perpetuals exchange, integrated Pyth Network as a data provider.
Processed over $100 billion in monthly stablecoin transfers for five consecutive months as of February 2026.
Allocated 50,000 SUI as trading incentives on AftermathFi for maker/taker activity over a two-week period starting February 19, 2026.
Custom PCR verification goes live on mainnet, enabling Marlin Nautilus enclaves to attest onchain and allowing apps to prove their TEE code is untampered and secure.
Integrated with Figure's YLDS regulated yield-bearing stablecoin, which is being built on Sui along with Provenance, Solana, Ethereum, and Avalanche.
Officially classified as a commodity by regulators.
Launched Beep, the first agentic finance protocol and bank account on Sui, in open beta in November 2025, enabling AI agents with stablecoin-native flows, autonomous yield generation, checking, savings, credit, exchange, and payment features running with real money on Sui mainnet.
Partnered Google for Agent Payments Protocol (AP2), an open standard for AI-agent-led payments, announced September 2025. Demonstrated atomic agentic transactions to Google using Programmable Transaction Blocks (PTBs) for AI agent coordination with 400ms finality.
Received regulated investment products from Grayscale (GSUI), VanEck (VSUI), 21Shares (SUIS), and Canary Funds (TSUI), which began trading on NYSE Arca and Nasdaq on February 18, 2026, with staking features.
Published Part Two of a Mental Model for EVM Developers Building on Sui.
Experienced 2 network outages in the past five years.
18 protocols consumed Switchboard feeds on Sui during January 2026.
Received strategic equity investment from Circle Ventures as a Move-based L1 blockchain optimized for parallel execution and consumer apps.
Integrated Allora Network's decentralized intelligence layer, enabling self-improving predictions for price and volatility on the network.
Integrated with WaaPxyz.
Recorded $3.7B market cap as of February 13, 2026.
Recorded $1B 24-hour trading volume as of February 13, 2026.
Recorded $586M TVL as of February 13, 2026.
Coinbase listed DEEP and WAL tokens from the Sui ecosystem, with spot trading going live on 2026-02-11.
Generated $28M in revenue during January 2026.
Rewards campaign Round 1 prize claim period ends 2026-02-12, offering up to $100k in prizes in collaboration with Ledger, with additional rounds planned.
Integrated Ethena's stablecoin infrastructure to launch native dollar assets suiUSDe and USDi on February 12, 2026, across 10 DeFi protocols, Bluefin Spot, and Bluefin Vaults, with a $10M yield vault.
Integrated suiUSDe (eSui Dollar), issued in collaboration with Ethena, into DeepBook Margin for margin trading, lending, and leveraged strategies.
Experienced a $223M exploit on May 22, 2025 via the Cetus protocol due to a faulty overflow guard causing silent truncation, marking the largest DeFi exploit of 2025.
Walrus Protocol made 30TB of Sui blockchain history publicly accessible and verifiable.
Highlighted alongside Ethereum, Solana, and Sei by CoinShares, the 4th largest ETP manager globally, in an article on platforms pushing boundaries of programmable money.
Launched DeFi Moonshots Program with up to $500K in incentives, funding, technical and launch support, and mentorship for startups building on Sui network.
SUI cleared BitLicense for New York trading in December 2025.
21Shares Spot SUI ETF (TSUI) listed on NASDAQ on February 24, 2026.
Ranked 9th in top overall coins by notable development activity over the past 30 days according to Santiment's methodology, with an upward directional indicator compared to the previous month.
Is included in a multi-chain AI Agent hackathon tracker alongside Solana, Aptos, Fetch.ai, Microsoft, and Nvidia, tracking 12 hackathons with filtering by prize pool, format, blockchain, and deadline.
Extended OpenClaw AI agent competition submission deadline to March 4, 2026, with $20K USDC prizes for building AI agent demos, featuring Safety & Security and Local God Mode tracks.
Integrated with Coinbase for token standard as primary protocol partner alongside ETH and SOL, supporting wallets, custody, backend infrastructure, compliance, and developer tooling integration.
Abyss protocol dual yield margin pools on Sui reached $1.75M in TVL within 3 days of launch.
Made documentation LLM-ready by enabling Markdown format access through adding .md to any documentation URL.
Integrated Alkimi Exchange to run live ad auctions, delivery, verification, and settlement onchain for real advertisers, including auditable records, low fees, payment cycles, and financial reconciliation.
Upgraded mainnet to V1.63.3 (protocol 107), optimizing finality paths and fixing consensus issues. Deployed Mysticeti Consensus Upgrade, reducing latency by 80% to approximately 200ms.
Launched streaming-first indexing with gRPC, providing real-time checkpoint delivery upon finalization with polling fallback for backfill and recovery, compatible with existing custom indexers.
74.45% of supply staked as of February 13, 2026.
Launched a shared margin layer with built-in borrowing, liquidation, and rewards functionality, using a fee-aware toxicity system that charges higher fees to toxic takers based on gas price urgency, redistributing extra fees to makers as rebates, built on the unified onchain order book.
Developed Tidehunter, a new database for Sui workloads, which outperforms RocksDB under heavy load and eliminates write amplification bottlenecks.
Listed on HashKey Exchange with SUI/USD spot trading pair and OTC trading for institutional investors on February 4, 2026.
Prediction that Sui and Solana will handle 99% of agentic finance transactions, based on expected agentic stack announcements from Sui.
Offers a $10,000 prize for an 800-word essay about the Sui ecosystem, with submission deadline on 2026-02-27.
Integrated Pyth Pro for institutional-grade market data feeds, including ultra-low latency pricing and 24/5 equities data, supporting DeFi applications like perpetuals, lending, and risk engines.
Canary Capital and Grayscale listed GSUI on NYSE Arca and SUIS on Nasdaq on February 18, 2026, as the first US spot ETF with staking for an L1 beyond BTC and ETH.
Airdrop Arena event distributes $250,000 of SUI tokens to participants who allocate CRO, running from 2026-01-31 to 2026-03-02.
Expanded partnership with OKX and skate_chain to include Sui network for liquidity provision.
Has 125 active validators as of January 30th, 2026.
Experienced 26% token inflation in 2025.
Added as a trading pair (SUI/USD1) on Binance as part of the USD1 Points Program running until the end of February 2026.
Co-hosting a Networking & Pizza Night with xMoney at SuiHub Athens on 2026-02-09 for National Pizza Day, powered by Dominos, to connect builders and discuss payments.
Opens applications for Hydropower Fellowship Cohort 3, a 3-month builder program with a deadline of 2026-02-27, offering ecosystem access and a demo day.
Integrated with Walrus Protocol, enabling decentralized, ownable AI agent memory, and reached 17.8 TB of data uploaded.
Integrated with Matrixdock to enable XAUm, a physical gold-backed token, for trading and DeFi use on Sui.
Supports protocol-level user login capability with Google or Facebook authentication.
A SUI-USDC liquidity pool on Bluefin offers 27.37% APY and has reached $7.05M in TVL.
Partnered with River to enable cross-chain liquidity bridging into Sui, with satUSD serving as the unified liquidity deployment mechanism across applications.
Built a post-quantum zero-knowledge proof system that can secure legacy addresses with a single click, providing quantum-resistant security capabilities.
Featured in a Hankyung TV interview with Scallop's Founder & CEO on 2026-01-28, discussing growth journey on Sui Network and plans for 2026.
Hosts a $5,000 trading sprint competition running from January 26, 2026 at 21:00 UTC to January 27, 2026 at 21:00 UTC on cubexch.
Established a revenue-sharing deal with Bluefin DEX.
Ember Protocol launched prediction vaults on Sui, offering approximately 14% yield. Integrated stablecoin deposits via non-custodial MPC wallets provided by Fordefi for Polymarket.
Hosts a one-week coworking event with Sui Move learning sessions at Sui Summit, scheduled immediately after ETH Denver.
Volo has achieved over $40M in TVL on Sui for BTC and stablecoin yield products.
Plans to launch private transactions as a core protocol feature in 2026.
Achieved $501 million in stablecoin market cap as of January 2026.
Reached $915 million in total value locked (TVL) as of January 2026.
Integrated with Nansen for real-time wallet intelligence, labels, and AI-powered dashboards.
Slash wallet on Sui has onboarded over 8 million users.
Partnered with uselinq to enable stablecoin off-ramps to Nigerian fiat with approximately 1 minute settlement time, launching on January 16, 2026.
Price declined from $3.64 to $1.75 (down 52%) between September 2025 and January 2026.
Introduced Transaction Driver feature to enhance real workload handling.