We’re excited to announce that SUI, the native token of the Sui Network, is now available on Bitso!
Sui is a high-performance Layer 1 blockchain designed to offer fast, low-latency user experiences with horizontal scalability and low fees—making it ideal for powering the next generation of Web3 applications.
What is Sui?
Sui is a Layer 1 blockchain built from the ground up by Mysten Labs—founded by former Meta engineers from the Diem and Move projects. It’s designed to support ultra-fast transactions, low fees, and high-throughput decentralized apps (dApps).
What makes Sui unique is its object-centric data model and parallel transaction execution, allowing it to handle high volumes of activity without compromising speed or user experience.
How does Sui work?
At the core of Sui is a modified version of Move, a secure and flexible programming language originally developed at Meta. Unlike traditional blockchains, where all transactions are processed sequentially, Sui uses:
- Parallel transaction execution: Independent transactions can be processed at the same time.
- Object-based architecture: Assets are treated as individual objects, enabling better user-defined logic and traceability.
- Instant finality: Simple transactions that don’t require consensus (like token transfers) are confirmed almost instantly.
What is SUI used for?
The SUI token plays a central role in the network:
- Gas fees: Required to process transactions and smart contract execution.
- Staking: Token holders can delegate to validators and earn staking rewards.
- Governance: SUI holders can participate in decentralized governance by voting on proposals and decisions that shape the future of the Sui protocol.
Sui’s Expanding Ecosystem
Sui is growing rapidly across multiple DeFi and Web3 sectors. According to DefiLlama, top protocols include:
- Suilet, NAVI Protocol & Scallop Lend – Leading lending platforms with a combined ~$850M in TVL.
- Cetus AMM, DeepBook & Turbos – DEXs and trading platforms providing fast swaps and order-book functionality.
- Bluefin, Bucket, Kai Finance – Platforms for leveraged trading, farming, and structured products.
Together, these protocols have helped Sui surpass $1.2 billion in Total Value Locked (TVL)—placing it among the most active Layer 1 ecosystems.
Why SUI stands out
- Built for scale: Parallel processing makes Sui one of the fastest L1s available.
- Developer-ready: The Move language and object model offer powerful tools for dApps.
- User-first performance: Fast finality and low fees create a smoother experience.
- Ecosystem momentum: With rapid adoption and strong DeFi infrastructure, Sui is gaining serious traction.
In a world where user experience and scalability are becoming the norm, Sui isn’t just catching up—it’s setting the pace.
How to get started with SUI on Bitso
- Sign up on Bitso: Create your account through our app.
- Buy SUI: Swap your USDC for SUI using Bitso’s conversion feature.
- Track the market: Use Bitso’s tools to monitor price movements and ecosystem trends.
⚠️ For now, SUI is only available for conversions on Bitso. This means you can buy and sell SUI, but deposits and withdrawals to external wallets are currently disabled. However, you can still send and receive SUI with other Bitso users via Bitso Transfer.
Disclaimer
SUI is the native token of the Sui Network, a high-performance Layer 1 blockchain designed to support fast, scalable, and secure decentralized applications. While the protocol introduces innovative features like parallel execution and an object-based data model, the value of SUI remains speculative and subject to market demand and network activity.
The digital asset market is inherently volatile, and prices can fluctuate significantly over short periods of time. This article is intended for informational purposes only and does not constitute financial advice. Bitso encourages all users to conduct their own research (DYOR) before buying, selling, or using any digital asset.
