How to Create a Sui Wallet and Start Using It Easily?

Sui is one of the fastest-growing and most promising blockchain ecosystems in the crypto world, with a market cap of over $6.7 billion. As of early 2025, there are more than 80 million accounts in the Sui network, and this number keeps growing. Thanks to its unique parallel transaction processing and high throughput (up to 297,000 TPS), Sui has proven to be one of the most powerful blockchains, open to millions of users and developers worldwide. At the core of the network is its native token, SUI.

What Is SUI?

SUI is the native token of the Sui network. It is used to pay transaction fees (gas), for staking (locking tokens to help secure the network and earn rewards), and for voting on network decisions and managing projects. The total supply of SUI is limited to 10 billion tokens, which helps maintain its value as the network grows.

SUI Token Distribution:

20% — for early contributors
14% — for investors
10% — for the Treasury
6% — for public access and testers’ rewards
50% — to the Community Reserve for network development, project support, and community growth

SUI is more than just a token — it powers the entire Sui network and gives access to all its features. To manage and use SUI, you will need a Sui Wallet.

SUI circulating supply. Source: sui.io

What Is Sui Wallet?

Sui Wallet is a digital wallet (mobile or web app) that allows you to securely store, receive, and send SUI tokens and other assets on the Sui network. To keep your SUI tokens safe, it’s important to choose a wallet that gives you full control over your assets — without third parties. A great option is a self-custody Sui Wallet, where only you have access to private keys. This makes it more secure and requires careful storage of the recovery phrase.

What Is a Sui Wallet Used For?

With Sui Wallet, users can manage their assets, interact with apps, take part in staking, and trade tokens, including popular memecoins. Below are the main features of Sui Wallet:

Sui Coin

Sui Coin is the token standard on the Sui network, similar to ERC-20 in Ethereum. It is used to create coins and tokens for DeFi, NFTs, memecoins, stablecoins, and for payments inside apps and games. The recent integration of USDC stablecoin into the Sui network was an important step for the growth of its ecosystem. Now USDC is available directly on Sui, which has increased liquidity and strengthened the entire Sui ecosystem.

Keep in mind that to send any token on the Sui network, you need to have a small amount of SUI in your balance to pay for transaction fees.

Sui Memecoins

Memecoins are quickly gaining popularity on the Sui blockchain thanks to the network’s unique features and the rise of community-driven projects. Sui Wallet is a great tool for storing and buying these tokens. Some of the most popular memecoins on Sui include sudeng (HIPPO) with a market cap of $41.5 million, LOFI (LOFI) with $19 million, and BLUB, a rising star in the ecosystem, already compared to famous tokens like Pepe.

Sui NFTs

With Sui Wallet, you can easily buy, sell, and collect NFTs (non-fungible tokens — unique digital assets such as artworks, collections, in-game items, and more). Thanks to the network’s high speed and low fees, Sui offers a simple and convenient way to work with NFTs. Today, the total NFT trading volume on Sui has already surpassed $2 million, and this number keeps growing as interest in the network rises.

Total NFT trading volume on Sui (all-time). Source: suivision.xyz

Access to DeFi Protocols

The DeFi ecosystem on the Sui blockchain offers access to a variety of financial opportunities without intermediaries. With Sui Wallet, users can not only store and manage SUI and other tokens but also take part in staking, farming, liquidity pools, swap tokens, and earn rewards.

SUI Staking

Sui Wallet allows you to participate in SUI staking — you can lock your tokens and earn rewards for helping to secure the network. To start staking, simply choose a validator you trust and begin earning rewards. All actions can be done in just a few clicks directly from the wallet. Keep in mind that you need to have a small amount of SUI in your balance to cover transaction fees when staking and receiving rewards.

SUI staking. Source: Gem Wallet

Swap SUI Tokens

With Sui Wallet, you can easily swap SUI for other tokens on the Sui network directly in the wallet. No need for third-party services — just choose the tokens, enter the amount, and complete the swap in seconds.