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 received Japan FSA recognition, listed on 7 exchanges, and processed $111B stablecoins.
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sui
Received formal recognition from Japan's Financial Services Agency (FSA) and is listed on 7 major licensed exchanges in Japan as of early April 2026, including Binance Japan (since March 2024), Bitbank (since August 2025), and GMO Coin (since January 2026).
AF Perps accounts for over 10% of all gas used on the network.
Bluefin Spot boosted liquidity provider rewards for the XMN token pair to 550 SUI per day, totaling 7,700 SUI over 14 days starting on 2026-04-14.
Processed $111 billion in stablecoin transfers in January 2026.
Ankr's global RPC infrastructure now supports Sui, providing RPC access for developers.
Built and demonstrated a prototype with Google on the AP2 protocol showing an agent executing batch payments across multiple services atomically.
Hosts Sui Connect HK conference in Hong Kong on 2026-04-21 featuring co-founder Evan Cheng discussing scaling, institutional BTC, and agentic future topics.
Vera App (powered by Bluefin) launched v1.7 on Sui, adding Gold perpetuals and expanding on-ramps.
Warped Games reaches Early Access on 2026-05-06, becoming one of the few Sui-native titles available on Steam.
Hosts Sui Live Miami conference May 5-7, 2026, featuring Raoul Pal and Matthew Horne from Fidelity.
Turbos Finance, a DeFi protocol on Sui, reached $10 billion in cumulative trading volume.
Scallop supports Sui Portugal workshops and meetups to onboard new developers and users to the Sui ecosystem.
Provides strategic backing to Splyce Finance alongside Stellar and Solana foundations.
Reached over 80 transactions with an average of almost 10 events packed per transaction.
Reached a price of $0.97 with steady gains across multiple timeframes.
Integrated, adding a dozen markets and removing 70 SUI tokens (3% of network) on April 8, 2026. Also launched 1-Click Trading (1CT), enabling users to reserve gas once and execute trades without signing each transaction.
Partners with playnetofficial to power an interactive media platform connecting games, social, and mobile features using Sui infrastructure.
Built privacy functionality into the protocol before mainnet but removed it prior to launch in 2022-2023 due to regulatory uncertainty, and is now planning to reintroduce privacy features where private transactions will not incur additional fees compared to public transactions.
CME Group plans to launch AVAX and SUI futures May 4, 2026, with contract sizes of 50,000 and 5,000, pending regulatory approval.
partnered with Alibaba Cloud
Selected as foundation for MemWal, a verifiable memory layer for AI agents, with mainnet deployment nearing.
SUI-USDC liquidity pool launched as a shared pool across Sui and Solana on Skate.
Pashov Audit Group became a long-term security partner for Sui Network to audit Move applications.
Listed as a sponsor alongside 12 other organizations for the first OWS Hackathon organized by OpenWallet, which received over 250 applications in under 48 hours.
Founder developed first multi-use quantum-safe signature scheme, plans to ship stateless signatures into production.
Ferra Protocol launched FerraPerps on Sui, offering onchain trading of oil, gold, stocks, and crypto with up to 50x leverage, powered by Hyperliquid infrastructure. Accounts for 96% of perpetuals trading volume on the network since 2023, integrating 0xbeepit's Agent Trader R-2.5.
Delivered over 800,000 oracle updates, a 2x increase, via Switchboard in Q1 2026.
Has 83 protocols actively using Switchboard oracle feeds on the network in 2026.
Integrated with Erebor Bank, a federally chartered U.S. bank, for regulated on-ramps, credit, global payments, and stablecoin rails.
Reached 164 million daily transactions by March 2026.
Achieved over $43 billion cumulative L1 volume in January-February 2026.
Token unlock of approximately $60 million to $78.9 million occurred in January 2026.
Experienced a 6-hour consensus bug outage in January 2026, which was resolved rapidly.
Supports 300,000 transactions per second, scaling linearly by doubling hardware; deployed Mysticeti consensus v2 during Q1 2026.
Launched Spot SUI ETFs, including 21Shares' TSUI and Grayscale, on Nasdaq on February 24, 2026, with staking rewards.
DeepBook margin trading and DeFi primitives went live during Q1 2026.
Launched Sui Dollar (USDsui), issued by Stablecoin (a Stripe company), with gas-free transfers planned for February 2026.
Used as the chain where drainer wallet HkG...ZES was funded via Near Intents 8 days before the Drift Protocol exploit on April 1st, 2026, which resulted in $270M-$285M being drained and bridged out to Ethereum.
Ika and Encrypt (both built by dWallet Labs) integrated with Sui, enabling programmable decentralized multi-chain wallets and Fully Homomorphic Encryption capabilities on the network as of March 31, 2026.
Bridged to Solana, launched trading with liquidity pools through Sunrise DeFi, and listed on Jupiter DEX.
Shipped Messaging SDK beta to mainnet with Walrus Protocol, featuring a hybrid architecture (onchain objects, offchain relayer, decentralized storage) for end-to-end encrypted private messaging with verifiable group membership.
Added to OpenZeppelin Access library with a dedicated guide covering two-step transfers, time delays, and wrapped capabilities for protocol security.
Starkey Wallet Version 5.15.1 improved Sui custom token transfers and gas fee handling.
Suilend completed an audit with Certora.
Unlocks 42.94 million tokens ($38.32M) on April 1, 2026, representing 1.16% of circulating supply, with a recurring monthly schedule. Ranks as the largest unlock among the top 7 tokens this week.
Launches Hashi protocol March 20, 2026, for native BTC lending and collateral on Sui with BitGo, FalconX, and institutional-grade insurance, supported by a Fenwick legal opinion confirming transactions are not taxable events.
Binance Wallet integrated direct token swaps on the Sui network via its browser extension.
Trust Wallet launched Agent Kit, allowing AI agents to interact with Sui DeFi protocols and perform crypto actions.
Cetus Protocol reached $100 billion in cumulative onchain trading volume on Sui.
NAVI Protocol became the #4 lending protocol in crypto by 7-day revenue on Sui.
Tradeport launched Model Context Protocol (MCP) on Sui, enabling Claude and other AI agents to execute Sui transactions via natural language.
Launched xMoney Portal on Sui, integrating spending, staking, and earning.
Travala offers a 10% discount on bookings using native USDC on Sui.
Alkimi Exchange staking launches on Sunrise DeFi on Sui April 1, 2026.
Alkimi Exchange launches Xplorer Portal and XP leaderboard on Sui on 2026-04-07.
Reached $1 trillion in cumulative stablecoin transfers on the network.
Sui Foundation selected CurrentSUI as its first DeFi protocol, providing a capital efficiency layer converting idle assets into leveraged positions.
Chainalysis supports SUI and all fungible tokens on the network for monitoring, investigation, and fund tracing.
Integrated with Jupiter Mobile to enable USDC deposits from Sui to Solana wallets without bridges or centralized exchanges.
Integrated Matrixdock to bring tokenized gold into the collateral mix for the Hashi BTCfi solution.
Hosts World Tour events in Hong Kong (2026-04-21) and Miami. Miami features "An Evening with Sui: Miami" kickoff on 2026-05-05 at Temple House, and "Sui Live" main ecosystem event on 2026-05-07 at Faena Forum, including ecosystem reveals and AI commerce demos, sponsored by WalrusProtocol and AlphaFiSUI.
Canary Capital launched Spot SUI ETF (SUIS) with native staking on Nasdaq February 18, 2026.
Hosts Sui Connect conference in Hong Kong on 2026-04-21, focusing on finance and payments.
Integrated AlphaLend, Scallop, Navi, Bluefin, and Suilend as lending partners for the Hashi BTCfi solution.
Ankr's global RPC infrastructure now supports gRPC for Sui, providing bare-metal servers, private fiber networking, full archival data, and high-speed gRPC for real-time onchain streaming.
Appeared on Fox News ticker, increasing mainstream media visibility.
Revolut integrated SUI staking in-app.
SUI tokens make up 65% of Sui's total value locked (TVL) in DeFi.
Unlocks 34 million SUI tokens during the week of March 23-29, 2026.
TVL sits below $755M as of March 23, 2026, ranking behind Mantle and Avalanche. Saw outflows in the 24 hours ending that day, with liquidity moving to Ethereum, BNB Chain, and Arbitrum.
Aftermath Finance perpetuals trading drove 805,000+ transactions in 7 days, accounting for 2.7% of all Sui transactions and 2.7-4% of SUI gas burned, due to thickest event payloads per transaction.
Cetus Protocol experienced a spoof token overflow bug exploit on Sui in May 2025, resulting in $223M stolen with approximately $162M subsequently recovered.
Cetus Protocol's core CLMM protocol and standard library completed formal verification by Asymptotic Tech.
nautilus-ops CLI tool was released as open-source to simplify AWS Nitro Enclaves integration for developers building TEE-backed off-chain computation.
The Sui x EVE Frontier Hackathon is ongoing with $80,000 in prizes remaining and builds/live demos already appearing one week after launch.
Partnered with Tilted to integrate real-time data layer with HyperSui, a perpetual DEX on Sui, combining AI-driven insights from live content and user behavior with DeFi execution infrastructure.
Experienced a price decline of 42.2% year-to-date from January 1, 2026 ($1.6904) to March 20, 2026 ($0.9763), representing the largest decrease among major L1 tokens tracked in this comparison.
FTX's $100M investment in SUI is valued at $1.2B, representing a 12x return on the initial investment.
Supports Stripe's Merchant Payment Platform (MPP) integration.
Hashi protocol partnered with Erebor Bank, a bank serving crypto-native enterprises, for credit products that may directly interface with bank balance sheets.
Has ETF filings submitted by 21Shares, REX Shares, and Bitwise awaiting approval in 2026.
Perpetual futures market with 10x leverage launched on Phoenix exchange.
Hosts Sui Basecamp 2026 conference on October 7-8, 2026 in Singapore during Token2049.
Launched MemWal by Walrus on Sui in the week preceding March 23, 2026, providing unified memory storage for AI agents with onchain verification, enabling indexed blockchain data access for institutions.
DEEP token on Navi Protocol achieved $4.18M TVL in lending pools with 15.74% APY.
Upgraded execution layer with new VM featuring full rewrite, faster caching, next-gen Move implementation, and programmable transaction blocks (PTBs) for atomic multi-operation transactions.
Included in T. Rowe Price's actively managed crypto ETF SEC filing as one of 15 assets, alongside BTC, ETH, SOL, XRP, ADA, AVAX, LTC, DOT, DOGE, HBAR, BCH, LINK, XLM, SHIB; classified as a digital commodity by the SEC around March 2026, implying not a security.
Evan Cheng, Mysten Labs co-founder, appeared on The Rollup podcast discussing Sui's longevity; scheduled presentation for 2026-03-20 at 9am PST.
Has 116,229 daily active addresses (returning wallets), ranking 10th among major blockchain networks.
Unlocks 43.35M SUI tokens (~$41M value) on March 16, 2026 as part of recurring monthly unlock schedule.
Refunds 99% of storage deposits in SUI when objects are deleted on-chain, returning SUI to users closing DeFi positions or deleting objects. Rebates from cancelled or filled orders also offset storage costs of new orders within the same transaction.
Distributes 50,000 SUI for Epoch 4 incentives over 2 weeks (ending approximately 2026-04-14) to makers, takers, afLP depositors, and Tread users on Aftermath Finance perpetuals; program launched 2026-03-16.
Integrated with Coinbase and Fireblocks for institutional services.
Navi Protocol launched Multiply and E-Mode features, enabling automated leverage strategies and optimized borrowing for correlated assets like SUI/vSUI.
Partnered with ONE Championship to power 'Fastest Finishes' for February, reaching 190+ countries.
Launches Suuuiplash Heroes NFT mint 2026-03-18, utilizing zkLogin for minting with Google accounts without traditional wallets.
Vera App introduced native notifications for trades, DCA orders, and LP positions including SUI/USDC liquidity management.
Launches Linq V2 on 2026-03-18 on Sui, reducing settlement times from 60 to 5 seconds, featuring native on-ramps, bill pay functionality, and local currency support in Nigeria.
Trading volume increased by 43% over the past 24 hours as of 2026-03-13.
Launched Hashi devnet on Sui March 19, 2026, for institutional Bitcoin DeFi, enabling programmable BTC collateral and trustless stablecoin minting against native BTC with institutional insurance, via a threshold Schnorr signature mechanism with Sui validators and a Guardian layer for withdrawals. Partners include BitGo, Ledger, FalconX, and Bullish. Mainnet planned for later in 2026.