Sui (SUI)
Sui ranks #18 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #28: 10 of the 27 assets ahead of it are not native coins but tokens or claims. A token is issued on a host blockchain rather than running its own; a claim stands for an asset already counted. Of the 17 non-native assets CoinSpectrum lists above it by market cap, 13 are claims on other assets and 4 are tokens.
| CoinSpectrum Grade | A · 70/100 · provisional, A to A+ |
|---|---|
| Rank among cryptocurrencies | #18 |
| Rank counting claims | #28 |
| Market capitalisation | $3.4B |
| Price | $0.8114 |
| Circulating supply | 4,139,043,544 SUI |
| Maximum supply | 10,000,000,000 SUI |
| Consensus family | Proof of Stake |
| Consensus mechanism | Mysticeti (Narwhal/Bullshark) |
| Network purpose | Smart-contract platform |
| Ledger type | Multi-asset ledger |
| Launch distribution | Presale |
Market figures from the 10 November 2026 build. Open the live view for every exchange's price, and charts.
CoinSpectrum Grade (Source)
A — 70 out of 100, provisional (from 10 of 10 sections, 10 November 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 66 to 75 (A to A+).
| Section and criteria | Score | Basis |
|---|---|---|
| Consensus | 9.1 | average of 2 criteria |
| By leader (its largest chain's market cap) (Source) | 9.1 | Proof of stake: 9.1 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| By family (all its chains' market cap) (Source) | 9.1 | Proof of stake: 9.1 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Supply | 7.6 | the supply scale times 0.9, and a point for a fixed cap that holds |
| Supply (21 million scores 10) | 7.3 | fixed maximum supply of 10 billion |
| Distribution | 6.1 | average of 3 parts |
| Holder concentration (Source) | – | Not yet measured |
| Active addresses | – | Not yet measured |
| Premine (allocated at launch) | 0 | 100% of today's supply allocated at launch to founders, a company, a foundation or investors. The Sui framework's sui::new mints the entire 10,000,000,000 SUI total supply once at epoch 0 (genesis) and destroys the Supply object, so no SUI can ever be minted again; staking subsidies are paid out of that genesis allocation (current total supply is 10B). source |
| Fundraising (share sold) (Source) | 8.3 | Sold by its issuer or insiders: 17% of supply sold. Investors (Series A and B token warrants) hold 14% (1.4B SUI); the Community Access Program sale (KuCoin, OKX, Bybit, April-May 2023, $0.03-$0.10) came out of a 6% bucket shared with app testers, and the units actually sold are not disclosed. Range 1.4B-2.0B / 10B fixed total supply = 14.0%-20.0%; midpoint 17.0%. Mysten Labs raised $36M from a16z crypto (Dec 2021) and a $300M Series B led by FTX Ventures at a valuation above $2B (Sep 2022), with investors receiving equity and SUI token warrants. Investors hold about 14% of supply. A Community Access Program (whitelist/public sale, about 6% together with app testers) followed. source |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners or validators who produce blocks. No cut and no new issuance: the full 10B SUI was minted at genesis, and validator/staker subsidies are paid from the pre-allocated stake-subsidy fund, not minted. source |
| Decentralisation | 2.3 | average of 3 parts |
| Governance (Source) | 0 | An authority can halt the chain or freeze funds: Validators keep a transaction deny list and in May 2025 a supermajority used it to freeze the Cetus attacker's ~$162M, later moved by a governance upgrade. source |
| No central team (Source) | 0 | A central team directs it: Mysten Labs develops the only client in its MystenLabs/sui repository and sets the protocol roadmap with the Sui Foundation. source |
| Who can mint (Source) | 7 | Gated by stake: any holder with enough stake can validate: access bought with coins |
| Nodes (Source) | – | Not yet counted |
| Security | 8.5 | 6.8 of 8 points source |
| Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points) | 10 | largest 6.1%, largest three 10.7% |
| Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points) | 10 | about 10,279,528 transactions a day |
| Hashrate (Own work 5, its power 1 kW 0 to 10 GW 5; 1 point) | 1 | not mined: another consensus, 1 |
| Clients (Separate code and teams 10, separate code or teams 9, a fork by the same team or a stale second 8; one client: a new version within 12 months 7, 24 months 6, none in 24 months 5, none in 48 months 3; a second in development +0.5, a second seen running +1, 8 at most with one client; chain ended 0; 1 point) | 7 | one client, latest version Oct 2026 |
| Open source (Node software) | ✓ | |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Scalability | 8 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.0001 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 121, the median of the ten busiest, 5) | 10 | about 5,414 simple transactions a second |
| Block time (10 minutes 10, less either side) | 0 | a block every 0.25 seconds |
| Block space per 10 minutes (24 MB or more 10: the ten busiest networks' median demand, 16.4 MB, and half again for growth) | 10 | 31.5 MB limit, 75500 MB per 10 minutes |
| Features (3 checks) | 10 | 3 of 3 passed |
| Fast payments (Safe to accept within seconds · Whitepaper abstract, §1, §2 and §11) | ✓ | Mysticeti consensus gives deterministic finality in under a second. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | ✓ | Sui full nodes prune old object versions and checkpoints after a configured retention window. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✓ | Checkpoints are signed by the validator committee; the sui-light-client crate verifies transactions, effects and objects from them without a full node. |
| Privacy | 3.5 | 3.5 of 10: whitepaper privacy 3.5 of 7, extra features 0 of 3, 1 not yet researched source |
| Protocol level privacy (Keys not tied to an identity · Whitepaper §10) | 10 | Anyone can create keys and receive and send coins; the protocol carries no identity check. |
| UTXO ledger (Separate outputs, change to a new address · Whitepaper §2, §9) | 0 | An account ledger: one running balance for each address, so the remainder stays at the sending address and its payments share one public history. |
| HD addresses (A new address for each payment, unlinked · Whitepaper §10) | – | |
| Hidden amounts (Amounts confidential) | 0 | No confidential transactions on mainnet. |
| Hidden parties (Sender and receiver hidden) | 0 | No sender or receiver hiding. |
| Network privacy (Origin hidden by default) | 0 | Transactions are submitted to validators directly; no Dandelion or Tor. |
| Programmability | 10 | 9 of 9 points source |
| Token issuance (At protocol level) | 2 | Move coins (the sui::coin standard) from packages any account can publish. |
| Smart contracts (General-purpose) | 2 | Move packages publishable by any account, running DEXs, lending and games on mainnet. |
| Multisig and time locks (Without a third party) | ✓ | Native k-of-n weighted multisig addresses (up to 10 keys, u16 threshold) plus time conditions in Move via the on-chain Clock. |
| Atomic swaps (With other chains) | ✓ | Garden lists Sui among its HTLC atomic-swap contract chains. |
| Native DEX (Trades the coin itself, not a claim) | ✓ | Traded as itself, not as a wrapped token or a claim: its own chain's DEXes (Sui, DefiLlama). |
| Cross-chain messaging (Verified by the chain itself) | ✓ | Sui Bridge, live on mainnet since the end of Q3 2024: code baked into the Sui framework, a committee made only of Sui validators signing transfers to and from Ethereum by voting-power threshold. |
| NFTs (Carried by the chain's rules) | ✓ | NFTs are Move objects in the native object model, each with a unique ID and owner. |
| Demand | 7.6 | average of 7 measures |
| Exchanges (10 or more: 10) | 10 | 42 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 8.6 | $142,885,788 traded in 24 hours; #15 by volume on the exchanges the site reads (scored on the median day of the last 30, $193,114,575) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 9.8 | 4.5% of its market cap a day, median of the last 30 days |
| Order-book depth (±2% of the price ÷ market cap, 1%: 10) | 8.4 | $11,237,972 within 2% of the price on 9 exchanges, 0.33% of its market cap, median of the last 15 days; a lower bound: the books returned by 1 of them stop short of 2% |
| Market cap ($1M 0, $10B or more 10) | 8.8 | $3.4B, 8.8 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 6.5 | futures, options and margin positions 13% of its market cap |
| Wallet support (wallets that hold it, 10 or more: 10) | 1 | 1 wallet in the site's wallet directory |
| Record | 7 | average of 3 criteria |
| Age (years since genesis) (Source) | 3 | 3 full years since 2023-05-03, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, fixes, vulnerabilities) | 9 | 4 positive, 0 negative source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 7,517 commits in 12 of the last 12 months (github.com/MystenLabs/sui); sui mainnet-v1.82.3, 21 Oct 2026; 76 stable releases in the last 24 months. |
| Shipped a security fix in two years, +1 | ✓ | Sui v1.63.3, Jan 2026: fixed a validator consensus issue; May 2026 fixes for v1.72 gas-charging bugs that halted mainnet. |
| Shipped a scaling upgrade in two years, +1 | ✓ | Sui v1.72 (protocol 125), May 2026: gasless stablecoin transfers; reference gas price down to 100 MIST by Oct 2026. |
| Shipped a new capability for users in two years, +1 | ✓ | Sui v1.72 (protocol 125), May 2026: address balances enabled on mainnet. |
| Conduct (origin, claims, halts) | 9 | 2 positive, 5 negative source |
| Positive record | ||
| Launched with a stated purpose, not as a joke | ✓ | |
| No claims by its founders that contradict its own design | ✓ | |
| Negative record | ||
| Halt, freeze or reversal, 2024-11-21 | ✗ | Mainnet stopped producing checkpoints for about two hours after a crash bug in transaction scheduling; restarted after validators deployed a fix. theblock.co |
| Halt, freeze or reversal, 2025-05-22 | ✗ | After the ~$223M Cetus exploit, a supermajority of validators refused transactions from the attacker addresses, freezing ~$162M; the frozen funds were later moved back by an on-chain governance vote and protocol upgrade. theblock.co sui.io |
| Halt, freeze or reversal, 2026-01-14 | ✗ | Network halted for about six hours after a consensus divergence among validators (edge-case bug in consensus commit processing); resumed after a validator-deployed fix. sui.io |
| Halt, freeze or reversal, 2026-05-28 | ✗ | Mainnet halted for roughly six to seven hours after a crash bug in the v1.72 gas-charging logic. sui.io |
| Halt, freeze or reversal, 2026-05-29 | ✗ | Two further mainnet halts on 29 May: about 3.5 hours from the same v1.72 gas-charging bug, then about 5 h 50 min from a separate randomness-state (DKG) bug at the epoch change; the Sui Foundation reported three halts across 28-29 May. sui.io |
Ten sections, weighted equally, each 0 to 10: consensus (the two ladders), supply (the supply scale and a fixed cap that holds), distribution (premine, fundraising, developer share, holders), decentralisation (governance, no central team, who can mint, nodes), security, scalability, privacy, programmability (what the scripting layer can do beyond the whitepaper's payment system), demand, and record (age, development, conduct). They are built from the criteria in the second table: privacy, scalability, security and decentralisation are the Cryptocurrency Standards among them, as follows: privacy (the whitepaper's three checks a base of 7 of 10, three extra features up to 3 more), scalability (four measures and three features), security (pool diversity, network activity, hashrate, clients and two checks) and decentralisation (governance, no central team, who can mint, nodes, holders, premine, fundraising and developer share); programmability (token issuance, smart contracts and five checks) follows them, and supply and demand are two: the supply, scored against 21 million, and demand, the average of seven measures of the market and the wallets. Provisional: parts marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.
Proof of Stake coins
Ethereum ETHA+
BNB BNBA
Solana SOLA+
NEAR Protocol NEARA
Avalanche AVAXA
Gram (prev. Toncoin) GRAMA
Hedera HBARAAll Proof of Stake chains →Proof of Work coins
Bitcoin BTCA+
Zcash ZECA+
Dogecoin DOGEA+
Monero XMRA+
Bitcoin Cash BCHA++
Litecoin LTCA+
Ethereum Classic ETCAAll Proof of Work chains →Supply
4,139,043,544 of a maximum 10,000,000,000 SUI are in circulation — 41.4% of the total that will ever exist.
Launch and allocation
| Premine (allocated at launch) | 100% of today's supply |
|---|---|
| Sold by the issuer or insiders | 17% of today's supply |
| Developer share received since launch | 0% of today's supply |
| Developer share of new coins today | 0% |
| Fundraising | Private or venture funding |
The Sui framework's sui::new mints the entire 10,000,000,000 SUI total supply once at epoch 0 (genesis) and destroys the Supply object, so no SUI can ever be minted again; staking subsidies are paid out of that genesis allocation (current total supply is 10B).
Mysten Labs raised $36M from a16z crypto (Dec 2021) and a $300M Series B led by FTX Ventures at a valuation above $2B (Sep 2022), with investors receiving equity and SUI token warrants. Investors hold about 14% of supply. A Community Access Program (whitelist/public sale, about 6% together with app testers) followed.
Investors (Series A and B token warrants) hold 14% (1.4B SUI); the Community Access Program sale (KuCoin, OKX, Bybit, April-May 2023, $0.03-$0.10) came out of a 6% bucket shared with app testers, and the units actually sold are not disclosed. Range 1.4B-2.0B / 10B fixed total supply = 14.0%-20.0%; midpoint 17.0%.
No cut and no new issuance: the full 10B SUI was minted at genesis, and validator/staker subsidies are paid from the pre-allocated stake-subsidy fund, not minted.
Sources: sui.io · decrypt.co · coindesk.com · docs.sui.io · github.com · raw.githubusercontent.com. Researched 2026-10-24, low confidence.
What a regulator has said
No SEC/CFTC determination — unclassified.
The regulator's position, reported as stated, not CoinSpectrum's. Assets nobody has ruled on are left unclassified rather than sorted by a guess.
How CoinSpectrum ranks Sui
Sui is #18 among cryptocurrencies and #28 in the market ranking, which lists wrapped coins, staked derivatives, stablecoins and tokens alongside them. CoinSpectrum counts an asset once, and counts only cryptocurrencies: assets with their own blockchain and their own consensus. A wrapped coin, a staked derivative or a stablecoin is a claim on something already counted; a token, memecoin or otherwise, runs on another chain's blocks. All of them are listed, each in its own section, and none is added to the total. The 10 places between Sui's two ranks are held by claims and tokens, not by other networks. The methodology sets out the rule and the counting rule argues for it.
The price above is the median of the exchanges the site reads live, checked every minute and cross-checked against a market snapshot (how market data is gathered). The grade is scored on published criteria, each with its source (the method). The site is independent, nothing on it is a paid placement, and its statements are signed (about CoinSpectrum, the manifesto).
See the 8 wrapped and staked claims on Sui →