Sui (SUI)

What is Sui?

Here are five key points about the Sui blockchain:

Layer 1 design: Sui is a standalone blockchain optimised for speed, scalability, and developer flexibility.

Parallel processing: Transactions are processed in parallel, reducing latency and boosting throughput compared to sequential chains.

Move language: Built using the Move programming language (originally developed for Diem/Libra), designed with strong safety and flexibility features.

Digital ownership: Sui enables expressive smart contracts for digital assets, gaming, and DeFi, supporting true on-chain ownership.

Native token (SUI): Used for transaction fees, staking, and governance, where holders can vote on upgrades and network changes.

Tip: Learn more in our guide: What is the Sui blockchain?

Sui on Wraith Wallet

Wraith Wallet fully supports Sui, allowing you to:

Buy SUI with debit/credit cards.

Store SUI and Sui Coins securely.

Send and receive SUI and other Sui-based assets.

Swap SUI for Sui Coins and back.

Stake SUI to earn rewards.

What are Sui Coins?

Sui Coins are fungible tokens built on the Sui blockchain standard.

The standard ensures compatibility across wallets, exchanges, and contracts.

Tokens can include custom rules, such as restricted address lists for compliance use cases.

How to get SUI

You can acquire SUI in Wraith Wallet by:

Buying directly in the app.

Receiving at your unique Sui wallet address.

Swapping Sui Coins back into SUI (requires SUI for fees).

Transaction fees on Sui

Fees are paid in SUI and are designed to be predictable and low.

Transactions cover both computational costs and storage requirements for data written to the chain.

This dual model keeps the network efficient while ensuring validators are incentivised.

Checking your SUI balance

Wraith Wallet displays your live SUI balance via a direct connection to the Sui blockchain.

To confirm, tap the three dots and select View address on Suiscan.

Suiscan is Wraith Wallet’s default block explorer for Sui.

Why use Wraith Wallet for Sui?

Comprehensive support: Manage both SUI and Sui Coins in one wallet.

Security-first: Private keys are encrypted and stored locally, keeping you in full control.

Easy staking: Stake SUI directly in-app to earn rewards while supporting the network.

Conclusion Sui is a high-performance blockchain designed for speed, gaming, and DeFi innovation. With Wraith Wallet, you can securely buy, send, swap, and stake SUI, while exploring the ecosystem of apps and tokens built on this next-generation network.

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