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Sui (SUI)

What is Sui?​

Here are 5 key points about the Sui (SUI) Network:

  • Sui Network is a Layer-1 blockchain designed to facilitate faster deployment of smart contracts and enhance transaction speeds via parallel processing and horizontal scaling.

  • The Sui Network prioritises relevant data processing instead of processing transactions sequentially. It also utilizes the Move smart contract programming language.

  • Sui Network revolutionises the gaming industry, offering opportunities for developers and players alike by enabling expressive smart contracts and true ownership of digital assets.

  • The DApps on the Sui Network leverages its unique capabilities to offer innovative solutions in DeFi, gaming, and cross-chain crypto swaps.

  • The native coin SUI, is used in the Sui Network for transaction fees, staking and governance via SUI holders.

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Learn more about Sui (SUI) by reading the Gem Wallet Learn article: What Is the Sui Blockchain?

Sui on Gem Wallet​

Gem Wallet has the following features enabled for SUI:

Sui on Gem Wallet Sui Chart on Gem Wallet

What are Sui Coins?​

  • The Sui Coin standard is the standard used for smart contracts in creating coins on the Sui blockchain.
  • Wallets, exchanges, and other smart contracts can manage coins created on Sui without any additional processing logic due to the Sui Coin standard.
  • The Coin standard also includes the ability to create regulated coins which allows the bearer to have a list of addresess that prevents usage of a certain coin.

Sui Coins on Gem Wallet Swap SUI to Sui Coins on Gem Wallet

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Learn more: Coin Standard on Sui.

How to Get Sui (SUI)?​

Here are some ways to acquire some Sui (SUI):

  • Buy Sui (SUI) directly on the Gem Wallet app.
  • Receive SUI with the unique Sui address on the Gem Wallet app.
  • Swap Sui Coins to SUI. This requires that you already have SUI on your wallet to pay for fees.

Buy SUI on Gem Wallet Recieve SUI on Gem Wallet

Transaction Fees on the Sui Network​

The fees on Sui Network are summarized as follows:

  • Sui (SUI) generally offers lower transaction fees which makes it more cost-effective for users to interact with decentralized applications (dApps), transfer tokens, and participate in various blockchain activities.
  • The predictable transaction fees fees on Sui provide the best user experience without needing to forecast the current market price of gas fees.
  • A Sui transaction must pay for both the computational cost of execution and the long-term cost of storing the objects a transaction creates or mutates.

Send SUI Transaction Fee SUI Transfer Fee

How to Check Sui (SUI) Balance?​

Gem Wallet app connects to the Sui Network to show the SUI balance on your wallet. Tap on the 3 dots at the upper right corner, then tap on View address on Suiscan.

View SUI Balance link View SUI Balance on Suiscan

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Suiscan is the default SUI explorer of Gem Wallet. You can manually check balances and transactions by going to Suiscan and search for your SUI address.