Sui Tokenomics

The term tokenomics is a combination of two words: token and economics. It is generally used to describe the economic principles and behaviors of a blockchain.

Blockchains often have a native token which acts as the currency of the network. Native tokens are used to pay for transactions and resource usage, such as compute and storage.

Tokenomics on Sui

Sui's tokenomics is designed to support the long-term financial needs of Web3. It uses the native SUI token as the currency of the network and to pay for the network's gas fees.

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Staking and Unstaking

Staking and unstaking SUI with validators earns a percentage of rewards they receive from gas fees.

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Bridging Tokens

Moving tokens from one blockchain to another is called bridging. To bridge tokens from another blockchain to Sui, you can use the Sui Bridge, Wormhole Connect, Wormhole Portal Bridge, or ZetaChain.

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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.

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