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Layer 1

Sui

An object based chain where simple transfers skip consensus entirely.

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By the Orca Crypto teamUpdated 2026-09-28How we check this5 min readReference
The short answer

An object based chain where simple transfers skip consensus entirely. Sui models everything as objects. If a transaction only touches things you own, it does not need global ordering, so it confirms almost instantly.

Live market data

LiveCoinGecko
Price
$1.12
-10.18% 24h
Market cap
$4.59B
24h volume
$1.48B
Rank
#30
All time high
$5.35

Prices as of September 29, 2026, replaced by live figures as the page loads. Prices move constantly and are for orientation only.

What Sui is for

Sui models everything as objects. If a transaction only touches things you own, it does not need global ordering, so it confirms almost instantly.

Technical summary

PropertyValue
LayerLayer 1
Launched2023
ConsensusMysticeti proof of stake
ThroughputVery high
FinalityUnder half a second
Native tokenSUI pays gas, is staked, and covers storage

Block explorers

An explorer lets you verify any transaction, address or contract on this network yourself. Learning to read one is the fastest way to stop taking anyone's word for anything.

How to read a block explorer

Wallets that support it

What to be aware of

  • Validator concentration varies widely between layer 1s and is worth checking rather than assuming.
  • Newer chains have shorter track records under real adversarial pressure.
  • Crypto assets are volatile. Drawdowns of seventy percent or more have happened on every network in this list, including the largest.
  • Sending to an address on the wrong network can lose funds permanently. Always send a small test amount first.

Nothing on this page is investment advice. We describe how networks work, not whether you should buy anything.

Other networks at this layer

Same job, different tradeoffs. Each of these has its own page covering what it is actually for, who runs it and where it struggles.

Common questions

What is the object model?
Everything on Sui is an object with an owner rather than an entry in one global ledger. Transactions that touch different objects do not conflict, so they can be processed at the same time instead of queuing.
Do I need a Sui wallet specifically?
Yes. Sui is not EVM compatible, so MetaMask will not work. Slush, Suiet, Vera and several others are built for it.

Where to go next

Compared head to head

The question people actually ask is not "what is this" but "this one or that one". Each of these ends with a pick and the reasoning behind it.

New to Sui?

We can get you set up with the right wallet, funded, and through a first transaction on this network in about an hour, on a screen share.

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