Sui

Sui is a Layer 1 blockchain developed by Mysten Labs, a company founded by former engineers from Meta's blockchain research division, designed to support decentralized applications and digital asset ownership at a global scale. It aims to remove technical barriers that have made Web3 applications difficult to build and use, targeting both developers seeking a high-speed programming environment and everyday users who need fast, low-cost transactions. The platform uses the Move programming language, originally developed for secure financial smart contracts, to provide a safer foundation for on-chain applications.

Sui organizes on-chain data as independent objects rather than entries in a shared account ledger, which allows many transactions to be processed in parallel rather than sequentially, enabling rapid finalization. The network operates under a Proof of Stake consensus model, where validators are chosen based on staked SUI tokens and are compensated in part through a storage fund that accumulates fees to pay for the indefinite retention of on-chain data. SUI, the native token, is used to pay transaction and storage fees, to stake with validators, and to participate in network governance.

The network collected fees of 3,356 USD in the most recent 24-hour period, 54,622 USD over the trailing 7 days, and 225,802 USD over the trailing 30 days, with a 12-month fee total of 3,172,596 USD. Fee volume grew 54.37 percent over the trailing 30 days, though protocol revenue — the share retained by the protocol itself rather than passed to validators and other service providers — fell 97.29 percent over the same period, with 30-day protocol revenue of 71,760 USD against supply-side revenue of 154,042 USD, reflecting a take rate of roughly 31.78 percent. Validators and stakers receive the majority of fees, while a portion flows into the storage fund to sustain long-term data availability. Annualizing from the trailing 30 days produces estimated fees of 2,747,258 USD and protocol revenue of 873,086 USD.