• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

DCA Live 💥 When Worlds Collide 🌍🚀

2025-07-07

Crypto Risk Management Strategies for Trading (2025)

2025-07-07

Watch Out! BTC Whales on the Move: Bitcoin’s Next Leg, RWAs & More!

2025-07-07

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    Crypto Risk Management Strategies for Trading (2025)

    2025-07-07

    What Is DeFi Staking? Everything You Need to Know

    2025-07-07

    What is Dollar-Cost Averaging (DCA) in Crypto? A Beginner’s Guide

    2025-07-04

    What Is Liquid Staking? How It Works & Why It Matters in Crypto

    2025-07-04

    What are Rollups in Crypto? ZK Rollups and Optimistic Rollups Explained

    2025-07-02
  • Videos

    DCA Live 💥 When Worlds Collide 🌍🚀

    2025-07-07

    Watch Out! BTC Whales on the Move: Bitcoin’s Next Leg, RWAs & More!

    2025-07-07

    Is the Next Bitcoin Black Swan Lurking Around the Corner?

    2025-07-05

    Bitcoin: $115,000 Changes Everything!

    2025-07-04

    Megabill Passed: Time To Load Up on Bitcoin

    2025-07-03
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Analysis»SUI mainnet launches, trades for less than $2
Analysis

SUI mainnet launches, trades for less than $2

2023-05-03No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Sui’s (SUI) mainnet is now live, and its native token is now trading across various exchanges like Binance, Bybit, and others.

The mainnet went live at 12:00 UTC and began trading across major exchanges for less than $2.

SUI is down more than 70%; trading volume surpasses $300M in 30 minutes

The SUI token has declined by 72% in less than 30 minutes to $1.29 after it opened for trading, according to CoinMarketCap data. The token’s trading volume is currently at $336 million as of press time.

The token has a market cap of $284.46 million, according to CoinMarketCap.

On Binance, the token started trading for $2 but rapidly declined to $1.27 as of press time. The exchange’s data showed it already has a trading volume above $200 million USDT.

Binance users had deposited over $4 billion on the exchange within two days to farm the token.

On other exchanges like KuCoin, it is trading for $1.28 with a trading volume of $34 million.

What is Sui?

Sui is a layer1 blockchain network built on Move developed by Mysten Labs. The project had gathered broad interest from the crypto community — raising $300 million in a September 2022 funding round that included bankrupt exchange FTX.

“Sui’s object-centric model, based on its novel architecture, enables parallel transaction processing, sub-second finality (on average, just 480 milliseconds), and rich on-chain assets.”

According to information on its official Twitter handle, the network has 100 globally distributed validators and achieved a peak throughput of nearly 300,000 transactions per second (TPS).

The managing director of the Sui Foundation, Greg Siourounis, said:

“Today is a monumental milestone for the entire Sui community and the digital asset ecosystem as a whole. For the first time, builders and users have access to a Layer 1 blockchain that allows developers to build freely, without being inhibited by complex infrastructure, and unlocks endless possibilities for users across the world.”

The post SUI mainnet launches, trades for less than $2 appeared first on CryptoSlate.

See also  Ethereum Price Retests Uptrend Support But Can Bulls Save The Day

Launches Mainnet Sui trades
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

HOW TO EXIT YOUR LONG TRADES IN CRYPTO…

2025-06-23

SUI vs SEI: Most SAVAGE Layer 1 Showdown Ever ⚔️🔥

2025-06-18

Bitcoin, Solana, and Ethereum to da moon trades…

2025-06-11

BTC Price Predictions, SUI Fall, HYPE, Trump Coin Scandal & More

2025-05-26
Add A Comment

Leave A Reply Cancel Reply

Top Posts
DeFi

Kamino Finance Ups PYUSD Borrowing Limits

2024-08-29

Kamino Finance has increased the global borrowing cap for PayPal’s stablecoin, PYUSD to $20 million.…

DeFi

Zivoe to Launch RWA Credit Protocol, Democratizing Access to Credit

2024-07-18

Real-World Asset (RWA) credit protocol Zivoe has announced that it will launch on July 31,…

Altcoins

FTX to claw back $460 million from SBF-backed hedge fund

2023-03-23

FTX is looking to recover $460 million for its stakeholders. Alameda Research invested $400 million…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

DCA Live 💥 When Worlds Collide 🌍🚀

2025-07-07

Crypto Risk Management Strategies for Trading (2025)

2025-07-07

Watch Out! BTC Whales on the Move: Bitcoin’s Next Leg, RWAs & More!

2025-07-07

What Is DeFi Staking? Everything You Need to Know

2025-07-07
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 108,075.96
ethereum
Ethereum (ETH) $ 2,538.67
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.27
bnb
BNB (BNB) $ 660.35
solana
Solana (SOL) $ 148.53
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.286412
dogecoin
Dogecoin (DOGE) $ 0.167045
staked-ether
Lido Staked Ether (STETH) $ 2,537.02
bitcoin
Bitcoin (BTC) $ 108,075.96
ethereum
Ethereum (ETH) $ 2,538.67
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.27
bnb
BNB (BNB) $ 660.35
solana
Solana (SOL) $ 148.53
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.286412
dogecoin
Dogecoin (DOGE) $ 0.167045
staked-ether
Lido Staked Ether (STETH) $ 2,537.02