SUI

Ning-加州地产与保险理财经纪

current tokenomics:

Price: $3.37 (up ~93% over the last year)

Market Cap: $12.0 B

Fully Diluted Valuation (FDV): $33.6 B

24h Volume: ~$1 B

Circulating Supply: ~3.57 B SUI

Total / Max Supply: 10 B SUI

What This Tells Us?

Large Market Cap vs. FDV

Only ~35% of the max supply is circulating.

This means more tokens will come onto the
market in the future. Unless demand grows
proportionally, new supply can pressure price.

High Trading Volume

~$1 B daily volume shows active trading and
good liquidity.

High liquidity is positive for entry/exit but can also mean more speculation.

Price Performance

+92% over the past year is strong.

However, that also means a lot of the early
upside may already be priced in.

Narrative & Tech

Sui is a layer-1 blockchain built by Mysten Labs (ex-Meta Novi engineers).

Uses Move-based smart contract language (like Aptos) with focus on high throughput and
parallel execution.

Competing directly with Solana, Aptos,
Avalanche, etc.

Risks

Heavy token unlock schedule: large FDV with
smaller current float often leads to post-unlock selling pressure.

Competitive space: many high-speed L1s
competing for developers and users.

Regulatory uncertainty for tokens in the US.

Upside Potential

If Sui can differentiate itself and attract
developers/DeFi/NFT ecosystems, it could
justify a large valuation.

Backing by strong VCs and a talented team
helps.

Bottom Line

Strengths:
• Well-funded team from Facebook/Meta background
• Modern architecture with Move language
• Big, active trading volume

Caution Flags:
• High FDV vs circulating supply (more supply coming)
• Competing in a crowded field of L1s
• Already a $12B market cap — not a “small
cap” bet anymore

Sui is essentially a high-beta bet on “next-gen Solana/Aptos” type blockchains. If adoption
surges, it can keep rising. If adoption lags or
unlocks weigh on price, volatility will be high.