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Crypto network guide
The Sui Network, Explained
Quick answer
Sui is a Proof of Stake Layer 1 launched in May 2023 by Mysten Labs, built in the Move language with an object-based data model. Its Mysticeti consensus finalizes transactions in roughly 400 milliseconds for fractions of a cent, and Circle issues native USDC on it.
Updated August 2026 · Reviewed by the Anytime Capital trading desk
Sui at a glance
- Launched
- 2023
- Consensus
- Proof of Stake (Mysticeti consensus, sub-second finality)
- Block time
- ~0.25 seconds (checkpoints)
- Typical transfer time
- Under 1 minute
- Typical network fee
- Under a cent – cents
- Native asset
- Sui (SUI)
Network fee: Typically under $0.01–$0.05 per transaction in 2025–2026, with fees paid in SUI. Third-party network figures, not Anytime Capital pricing — our pricing is on the fees & limits page.
How long does a Sui transfer take?
Sui's Mysticeti consensus (rolled out 2024) brought finality down to roughly 400 milliseconds — among the fastest of any L1. Transfers are effectively instant; exchange crediting adds the only meaningful wait.
Compare every chain on one page: how long crypto transfers take on every major network.
What's genuinely different about Sui?
Two things. First, raw finality: Mysticeti (2024) cut consensus latency to ~400ms, so a Sui transfer is final before most chains produce a block. Second, the object model: Sui treats assets as owned objects rather than account-balance entries, letting simple transfers skip global consensus entirely and execute in parallel — the architectural reason its throughput ceilings are so high.
Sui descends from Meta's abandoned Diem project: Mysten Labs was founded by Diem/Novi engineers, and Move — Diem's asset-safe programming language — is Sui's native tongue.
The address trap: 0x but not EVM
Sui addresses start with 0x like Ethereum's — but run 64 hex characters instead of 40, and the chains are entirely incompatible. A Sui address pasted into an Ethereum withdrawal fails validation (wrong length), which protects you; the real risk is assuming MetaMask-style EVM tooling works on Sui. It doesn't — Sui has its own wallet ecosystem. Always match the network label, and note the address length as your tell.
Dollars on Sui
Circle brought native USDC to Sui in October 2024, replacing the bridged stand-ins that preceded it, and it's now the chain's standard stablecoin with deep DEX liquidity. For consumer transfers, USDC-on-Sui pairs sub-second settlement with negligible fees — the same profile as Solana's, on a younger ecosystem.
Stablecoins on Sui
| Stablecoin | Standard | Status | Notes |
|---|---|---|---|
| USDCUSD Coin | Native (Circle-issued) | Major | Circle launched native USDC on Sui in October 2024 — the chain's standard dollar |
What does a Sui address look like?
| Format | Looks like | Notes |
|---|---|---|
| Standard address | 0x + 64 hex characters | Twice the length of an Ethereum address — Sui is NOT an EVM chain despite the 0x prefix |
Buy SUI or stablecoins on Sui — the #1 place to buy crypto with a debit card, wire, Apple Pay & more
Anytime Capital is a US-based money services business with thousands of customers. Debit and credit cards from every major US bank work here, verification takes minutes, and delivery goes straight to the Sui address you choose.
- Wire transfer
- Cash in person
Digital assets are not FDIC-insured, are not bank deposits, and may lose value. Availability and limits subject to identity verification and compliance review.
Sui network questions
About SUI
Keep going
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