# Crypto Research Document #1

*!!YOU SHOULD ALWAYS DO YOUR OWN RESEARCH THIS ISNT IN DEPTH AND IS VERY BASIC!!*

By [SlowTation](https://paragraph.com/@slowtation) · 2024-08-25

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**1\. Token Overview**

*   **Token Name:** SUI
    

*   **Symbol:** $SUI
    

*   **Blockchain:** SUI Ecosystem
    

*   **Website:** ([https://sui.io/](https://sui.io/))
    

*   **Whitepaper:** ([https://github.com/MystenLabs/sui/blob/main/doc/paper/tokenomics.pdf](https://github.com/MystenLabs/sui/blob/main/doc/paper/tokenomics.pdf))
    
*   **Market Cap:** $2.19B
    
*   **Current Price:** $0.84
    

**2\. Tokenomics**

*   **Total Supply:** 10,000,000,000 SUI
    
*   **Circulating Supply:** 2,600,000,000 SUI
    
*   **Dominance:** 0.11% (Ratio of SUI's market cap to the overall crypto market cap)
    

**Distribution**

*   50% Community Reserve (including Delegation Program, Grant Programs, Research & Development, Validator Subsidies)
    
*   20% Early Contributors
    
*   14% Investors
    
*   10% Mysten Labs Treasury
    
*   6% Community Access Program and App Testers
    

**Staking Rewards**

*   SUI offers an APY of 3.25%
    

**3\. Use Case and Utility**

*   **Primary Use Case:** SUI enables seamless on-chain asset management, adapting to users' evolving needs. With simple login using web credentials, SUI can be utilized for on-chain applications like gaming, finance, and other real-time services.
    
*   **Utility within Ecosystem:** SUI serves as the backbone for various decentralized applications, providing secure and efficient transactions.
    
*   **Competitors/Alternatives:** Solana and Ethereum may be considered as competitive alternatives.
    

**4\. Community and Social Media Presence**

*   **Official Twitter:** \[SuiFoundation\]([https://x.com/SuiFoundation](https://x.com/SuiFoundation))
    
*   **Medium/Blog:** \[Sui Blog\]([https://blog.sui.io/](https://blog.sui.io/))
    
*   **Community Engagement:** The SUI community is active, particularly through initiatives like #SuiPlay0X1. Telegram and Discord groups were not identified.
    

**5\. Roadmap and Development Progress**

*   **Key Milestones Achieved:**
    

Achieved peaks of over 5,000 TPS (transactions per second) in its first year. By December 2023, SUI hosted 9,000,000 active accounts, with 3,100,000 active in the last 30 days as of August 27, 2024.Surpassed 2.14 billion transactions in 2024, outperforming major blockchains like Ethereum, Tron, and Polygon.

*   **Upcoming Milestones**
    

![](https://storage.googleapis.com/papyrus_images/56a78de1df1ec3061cbbae30da6ff5fc.png)

Sourced from [forums.sui.io](http://forums.sui.io)

**Development Team Activity:**

For the latest updates, users can subscribe to the developer [newsletter](https://buttondown.com/suidevnewsletter#subscribe-form). The most recent edition (August 15, 2024) introduced **Walrus**, a new decentralized storage protocol built on SUI.

*   **Core Team Members:**
    

[Evan Cheng](https://x.com/EvanWeb3) - Co-Founder, CEO

[Sam Blackshear](https://x.com/b1ackd0g) - Co-Founder, CTO

[Adeniyi Abiodun](https://x.com/emanabio) - Co-Founder, CPO

[George Danezis](https://x.com/gdanezis) - Co-Founder, Chief Scientist

[Kostas Kryptos](https://x.com/kostascrypto) - Co-Founder, Chief Cryptographer

[Sina Nader](https://x.com/SinaNader33) - Head of Strategy

[Gregorios Siourounis](https://www.linkedin.com/in/gregorios-siourounis-b7803129/) - Managing Director

**7\. Partnerships and Collaborations**

*   **Major Partnerships:**
    

Oracle Red Bull Racing: "Powered by the world’s fastest blockchain."

*   **Partnerships and Impact**
    

SUI engages in [university partnerships and funding](https://sui.io/university), notably with London Business School and American University of Sharjah.

Funding projects include Hybrid Blockchain Games, Adaptively-Secure Asynchronous DAG-based Consensus, and Developing a Scalable and Decentralized Shared Sequencing Layer.

**8\. Security and Audits**

*   **Security Audits**
    

Audits are available on the \[SUI Foundation's official GitHub\]([https://github.com/sui-foundation](https://github.com/sui-foundation)).

*   **Recent Audits:**
    

August 23, 2024: Deepbook v3 - [OtterSec](https://github.com/sui-foundation/security-audits/blob/main/docs/mysten_deepbook_audit_final.pdf)

October 11, 2023: SUI Wallet - [Critical Section](https://github.com/sui-foundation/security-audits/blob/main/docs/sui_wallet_zklogin_update_H223_review_v_0_9.pdf)

*   **Security History:**
    

2023: The SUI ecosystem has 46.7% of its components protected by audits or bug bounties, while 53.3% remain unprotected.

**9\. Market Performance and Trading Volume**

*   **Historical Price Performance:**
    

July 26, 2024: Average price was $0.82.

August 26, 2024: Average price was $0.99.

*   **Daily Trading Volume:**
    

SUI has averaged $1M in daily trading volume over the past week.

*   **Exchanges Listed On:**
    

[Binance](https://www.binance.com/en), [Coinbase](https://www.coinbase.com/), [Gate.io](http://Gate.io), ByBit, [OKX](https://www.okx.com/), [Kraken](https://www.kraken.com/), CoinEx, BitGet, [Crypto.com](http://Crypto.com), Bitmex.

*   **Volume Heatmap (7 Days):**
    

\- Binance: $427M

\- Coinbase: $120M

\- OKX: $100M

\- Bybit: $69M

(Source: [coinglass.com](http://coinglass.com))

**10\. Risks and Concerns**

*   **Market Risks:**
    

SUI is relatively stable with a current volatility of 0.93, calculated using the 24-hour volume/liquidity ratio.

*   **Team or Execution Risks:**
    

The SUI team comprises respected professionals with strong backgrounds in blockchain technology, cryptography, and product development. There are no known controversies or issues publicly associated with them.

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*Originally published on [SlowTation](https://paragraph.com/@slowtation/crypto-research-doucment-1)*