Object: On-chain state mapping: Existence
Investment View
FDV (Fully Diluted Valuation) and potential selling pressure: The distribution ratio of SUI to the maximum supply is still low, and periodic large-scale unlock events may affect the market price and the psychology of network participants until vesting of initial investors and team volumes is completed. In particular, the large-scale unlock scheduled for the first half of 2026 will be an important turning point to test the market's ability to digest. In conclusion, Sui clearly recognizes the limitations of existing blockchains and presents a sophisticated economic blueprint to solve them through innovative devices such as an object-centric model and storage...
The evaluation structure follows the nine-step format of the uploaded “Crypto Economy Maturity Assessment and Narrative Evolution Analysis System”. Sui is a Layer 1 blockchain that released its mainnet on May 3, 2023, and aims for low latency and high throughput by combining an object-centric data model, Move language, parallel execution, and DPoS validator structure. The official document describes Sui as a smart contract platform with a “high-throughput, low-latency, asset-oriented programming model,” and Mysticeti consensus is designed to lower latency through DAG-based parallel block proposals and a three-round commit structure.
Investment View
Liquidity test: Are TVL, stablecoin supply, and DEX trading volume growing continuously rather than due to one-time incentives? Sui's current maturity level is evaluated at 68.85/100. The key risk is not technology, but profit conversion.