Sui is an innovative Layer 1 blockchain designed for speed, efficiency, and user-friendly Web3 experiences. Sui is a next-generation Layer 1 blockchain designed for high-speed, low-cost, and scalable transactions, making it especially suitable for decentralized finance (DeFi), gaming, and NFT applications. As of June 2025, the Sui network has a total value locked (TVL) of over $1.75 billion.
Sui DeFi TVL | Source: DefiLlamaWhat Is the Sui Blockchain? An Overview
Developed by Mysten Labs, a team of former Meta engineers, Sui introduces a unique object-centric data model that treats on-chain assets as individual objects rather than traditional account-based records. This innovation, combined with parallel transaction processing and the Move programming language, allows Sui to achieve near-instant transaction finality and high throughput.
The network leverages a DAG-based consensus mechanism called Narwhal & Bullshark, enabling sub-second confirmation times and robust security. SUI, the native token, is used for transaction fees, staking, and governance, empowering holders to participate in network decisions and security.
Sui's architecture is designed to address the scalability and latency challenges faced by earlier blockchains, positioning it as a leading platform for real-world decentralized applications and onchain economies. Built to support a wide variety of decentralized applications, Sui combines high throughput with low transaction fees, making it easy for anyone to buy, sell, and interact with digital assets like SUI tokens and NFTs.
What Is SUI, the Sui Network's Native Token?
Sui (SUI) is the native token of the Sui layer-1 blockchain. The SUI token is used for staking, paying transaction fees, and participating in on-chain governance. Staking SUI gives you a direct role in securing the Sui network while earning passive rewards. Since SUI powers everything on the Sui blockchain, from transactions to governance, staking also helps unlock the full potential of the ecosystem. To get started, all you need is a Sui-compatible wallet.
SUI Token Distribution
SUI token vesting schedule | Source: Sui docs• 20% for early contributors
• 14% for investors
• 10% allocated to the Treasury
• 6% set aside for public access and tester rewards
• 50% reserved for the Community Reserve to support network development, new projects, and community growth
How Does SUI Staking Work?
Source: Sui.ioStaking is a core component of the Sui blockchain, which operates on a delegated proof-of-stake (DPoS) consensus mechanism. By staking SUI tokens, users contribute to network security and decentralization while earning passive rewards. This process supports the broader DeFi ecosystem, providing a reliable foundation for decentralized applications and financial protocols.
SUI holders can delegate their tokens to validators, entities responsible for processing transactions, storing data, and reaching consensus. In return, both validators and delegators earn staking rewards. To ensure performance and alignment with the network’s health, validators must meet a minimum stake requirement of 30 million SUI. This stake can be self-funded or supported through delegation.
Staking also serves as a defense against Sybil attacks and promotes network reliability. However, it comes with risks: staked tokens are locked until unstaked, and validators can be penalized for malicious or faulty behavior. Still, for those looking to participate in the network and earn rewards, staking offers both utility and upside within the Sui ecosystem.
How to Stake SUI Tokens on Slush, Sui's Official Wallet
With just a wallet and some SUI tokens, anyone can participate in securing the network and earning rewards. Staking is designed to be accessible and can often be completed in a few clicks directly from most Sui-compatible wallets. This ease of use encourages broad participation, allowing users to quickly start earning staking rewards and further explore the Sui ecosystem.
Here's a simple guide to help you get started with SUI staking:
1. Install and set up the Slush wallet extension by downloading it from the Chrome Web Store or in the App Store on iOS devices.
2. Create a new wallet or import an existing one, then transfer SUI tokens to your wallet address if necessary.
3. To start staking, you'll need SUI tokens. The easiest way is to buy SUI on BingX, a user-friendly exchange with competitive fees. Scroll down to the next section to learn more about how to buy SUI tokens on BingX to fund your Slush wallet.
4. Open the wallet and navigate to the portfolio section.
5. Select ‘Stake and Earn SUI' to access the staking interface.
6. Browse and select a validator from the list of active validators. Validator information, such as commission rates and performance, can be found on blockchain explorers like SuiVision or Suiscan, as well as on staking analytics sites.
7. Enter the amount of SUI you wish to stake, review the transaction details, and select 'Stake Now'.
8. The transaction should complete quickly, and you will receive a confirmation message with relevant details. Confirm the transaction; your SUI will begin earning rewards at the start of the next epoch.
9. To unstake, follow a similar process, initiating the unstaking process for your chosen validator and amount. There may be a warmup and cooldown period before you can access your unstaked SUI.
Source: StakinHow to Buy SUI on BingX
Source: BingXPurchasing SUI on BingX is a straightforward process designed for both new and experienced crypto users.
1. To get started, create a BingX account and complete the required KYC verification.
2. Once your account is set up, deposit funds using supported methods such as USDT or other major cryptocurrencies.
3. Navigate to the SUI/USDT trading pair on the BingX platform, enter the amount of SUI you wish to purchase, and execute your trade.
BingX offers a secure environment with custodial asset management, meaning you don’t need to worry about private key management or multiple wallets. The platform provides high liquidity, low transaction fees, and flexible trading options, making it convenient to buy, sell, and store SUI directly within your BingX account. You can use a secure exchange like BingX to fund your Slush wallet.
Conclusion
Staking is not only a method to earn passive income but also a gateway to engaging more deeply with the Sui ecosystem. By staking SUI, you help secure the network and support its decentralization while potentially earning rewards. You can fund your wallet with SUI on BingX to begin. However, like all crypto activities, staking carries risks, including potential slashing, lock-up periods, and market volatility, so it's important to evaluate your options carefully before committing.
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FAQs on Staking SUI
1. What do I need to start staking SUI on Slush Wallet?
You need a Sui-compatible wallet like Slush, a small amount of SUI tokens for gas fees, and a funded balance of SUI to stake. Make sure your wallet is connected and funded before initiating the staking process.
2. Where can I buy SUI tokens to stake?
You can buy SUI on BingX by creating an account, depositing USDT or another supported asset, and trading on the SUI/USDT pair. After purchase, transfer the tokens to your Slush wallet for staking.
3. How are staking rewards distributed on Sui?
Staking rewards are automatically calculated and distributed at the end of each epoch (approximately every 24 hours). The amount depends on validator performance and commission rates.
4. Can I unstake my SUI tokens at any time?
Yes, you can initiate unstaking at any time, but the process includes a warmup and cooldown period. During this time, your tokens remain locked and are not earning rewards.
5. Are there risks involved in staking SUI?
Yes. Staking involves potential risks such as validator slashing, market volatility, and liquidity lock-up during the staking period. Choose reputable validators and only stake what you’re comfortable holding long term.
6. Can I switch validators after staking?
To switch validators, you must first unstake your SUI and wait for the unlock period to complete. Once your tokens are liquid again, you can restake them with a different validator.
7. What is the minimum amount of SUI required to stake?
There is no fixed minimum for delegating SUI, but you must have enough to cover gas fees and meet the validator's delegation requirements, which may vary.
8. Is Slush Wallet safe for staking SUI?
Slush is the official wallet developed for the Sui ecosystem and offers secure key management and user-friendly staking features. Always ensure you're using the official app and avoid phishing links.