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Hi guys, welcome back. In today's video, I'm going to deep dive into the fast, scalable, decentralized layer 1 blockchain called Sooie. And as always, I'll give my thoughts on how many Sooie I think you'll need to be a millionaire in this bull run with detailed price predictions.
I'll cover sui tokconomics, the mysticeti version 2 upgrade, taking SUI to the next level by making transactions significantly faster. And I'll also look at the future outlook for Sooie as well. And if you find this free content useful, please be sure to hit the subscribe button to help support the channel.
Okay, now let's begin. About Sooie. Sooie is a fast scalable decentralized layer 1 blockchain and smart contract platform which uses a proof ofstake consensus mechanism specifically called delegated proof of stake. And SUI is designed with scalability in mind without compromising on security. It is a permissionless blockchain that supports a wide range of applications on its ecosystem which range from AI decentralized finance to gaming.
On the SUI website, they state the following. Sooie is the only blockchain today that can scale with the growth of web 3 while achieving industryleading performance, cost, programmability, and usability. SUI is the first internet scale programmable blockchain platform, a foundation layer for web 3. Suie is a native digital cryptocurrency token of the Suie network and is used as a form of currency to pay gas fees and also for staking where stakers are able to earn on average around 3% annually as a reward for helping to secure the blockchain network.
And a fun fact to mention is to save any confusion and to differentiate the platform name from the token name as they're both written the same way. The SUI token is written with all capital letters whereas the SUI platform is written only with an S capitalized and remaining letters lowerase. Also, the name Sooi derives from the Japanese word for water. The Suie mainet launched publicly on May 3rd, 2023, and it was founded by five former Facebook now Meta developers who worked on the discontinued Dean blockchain project. The main company behind Sooie is called Mistine Labs who developed the move smart programming language SUI uses to run its blockchain today. And the company states its aim is to shape the future of the internet with SUI having the SUI foundation supporting it which mission is to onboard the next billion users to web 3 by advancing the global adoption of the SUI blockchain.
SUI supply and tokconomics. The SUI network launched with a total max supply of 10 billion tokens and has a current circulating supply of around 3.79 billion tokens. SUI is a native digital cryptocurrency token of the SUI network and is used as a form of currency to pay gas fees and also for staking where stakers are able to earn on average around 3% annually as a reward for helping to secure the blockchain network.
The initial distribution of sui tokens is as follows. 50% is allocated to community reserve. 20% is allocated to early contributors. 14% is allocated to investors. 10% is allocated to mistine labs treasury. And lastly, 6% is allocated to community access program and app testers. And one point to mention about the tokconomics of SUI is the max supply is 10 billion tokens and only 3.79 billion tokens are currently in circulating supply. So the rest of the tokens will be unlocked over time as the unlock schedule shows of the scheduled token unlock period of up to December 2026. So something to be aware of as an investor.
How it works. Suie network explained. The Suie platform has a lot in common with Aptos, another layer 1 blockchain which I've covered in a previous video with both projects having been started by former employees of Facebook now called Meta. Both Sui and Apptos blockchains use Move programming language to execute smart contracts which is said to be more efficient, secure, and flexible for building blockchain applications. But Sooie actually uses a more up-to-date version of Move called Sui Move.
What makes the SUI blockchain special is it processes transactions immediately and at a very low cost. It achieves this because the SUI blockchain works with three main elements which are the move language, parallel transaction execution and the SUI consensus engine. But what is the parallel transaction execution? Well, basically most smart contracts process transactions one at a time which can be slow. The SUI blockchain however processes all transactions at the same time which results in instant completion of transactions. So to put this simply, Ethereum can process around 15 transactions per second whereas SUI can process in theory up to 297,000 transactions per second.
The SUI ecosystem is made up of three sets of participants which include users. The users submit transactions to the SUI platform to create, interact and transfer digital assets. SUI token holders. The token holders can stake their tokens and participate in the blockchain future governance. And lastly, validators. The validator's role is to manage transactions and processing on the SUI platform.
SUI CK login. Zooie CK login lets users sign into decentralized apps using familiar login like Google or Facebook accounts without revealing credentials using zero knowledge proofs thus ensuring complete privacy and creating a simple user-friendly experience as well. The way ZK login works is a user prompted to log in with their web credentials like Google account for example. This information is then used to generate a JSo web token and pass to a service that generates zero knowledge proof. Then the zero knowledge proof verifies the user account information without sharing the credentials themselves on chain. And once account is generated, future transactions can be signed with the users's credentials. And the website states CK login currently supports providers including Google, Twitch, Apple, Slack, and Facebook.
Mystici version 2 upgrade. Mr. Ketti is best described as the consensus protocol that powers sooie and is a new generation high performance consensus built on directed silic graphs that allows sui to achieve industryleading responsiveness, low latency and scalability. The version 2 upgrade was a major update launched on November 2025 and took version one to the next level by making transaction processing significantly faster up to 35% faster transaction finality and more resilient by integrating transaction validation directly into the consensus process. And the key improvement version two brought were integrated validation, reduced latency, lighter network traffic, and enhanced throughput, making the SUI consensus engine faster and lighter by removing redundant steps and leading to a smoother, quicker experience for users and developers.
Suie versus Salana. Suie and Salana are both high-speed blockchains, but Salana is a general purpose blockchain with large user base used for a wide variety of decentralized applications, including NFTs and gaming. While Sue shines in gaming, complex asset management, and next generation consumer apps. Next, when it comes to transaction speed, SUI can handle up to 297,000 transactions per second with Salana able to handle up to 65,000 transactions per second. Transaction finality time, which is when a transaction is permanent and irreversible on the blockchain, has Sooi much quicker with a transaction finality time of only 400 milliseconds compared to Salana's 13 seconds. And finally, in terms of market cap, Suie has a market cap at time of recording of 6.9 billion with Salana having a market cap of 76 billion.
So to conclude, when it comes to fastest blockchain, Sue is the clear winner for me with it focusing on innovative gaming, complex digital asset management, and consumer focused applications. While Salana is the more established blockchain currently in the market focusing on DeFi and with a much larger ecosystem and market cap than Suie.
Key points of Sooie. Suie has several benefits that make it a great platform including scalability. Suie can process all transactions at the same time which results in instant completion compared to other smart contract platforms which can only process transactions one at a time. High-speed transactions. SUI uses the latest consensus algorithm which can process up to 297,000 transactions per second making it one of the fastest blockchains. Low transaction costs. SUI's transaction costs are very low and fees remain stable even as the network traffic increases over time. Userfriendly. SUI is designed to be userfriendly and as an example of this is with its CK login that enables users to log to their favorite DAPs using existing Google or Facebook account.
How many sui to be a millionaire in the next bull run? Okay, so before we look at the price predictions for Sui in his next bull run, let's remind ourselves of Suie's previous alltime high price, which was around $5.35 back in January 2025. With this information about the previous all-time high price, let's now look at the current market cap of one of its main competitors in the space, Salana. As we can see, the current market cap of Salena is around 76 billion today. And I believe that Salana will go much higher than this in this next bull market. However, in my opinion, I don't think Suie will quite get to Salana's current market cap in this next bull run.
But with that said, on the conservative end of my price prediction, and not financial advice, just my opinion, if Suie was able to increase its market cap to around 38 billion in this bull run, then this would give it a price of $10. On the mid-range of my price prediction, if Suie was able to get to a market cap around 56 billion in this bull market, then this would give it a price of $15. And finally, on the top end of my price prediction, if Suie was able to get to a market cap of around 75 billion, which would put it around the same current market cap of Salana today, then this would give it a price of $20. I believe a price of $10 SUI could be possible in the next bull run.
But how many Sooie would you need to be a millionaire in this bull run? And it does have a big market cap already, so I have to be honest in that it will require a large investment at this stage as we will see. Using a crypto profit calculator, if we enter the current price and a predicted sale price of $10, we can see it would require an investment of $183,000 at today's price to get to the $1 million mark in this bull run. If we do the same again, but this time set the sale price at the mid-range of our price target prediction of $15, you would need an investment of $122,000 at today's price to get to the $1 million mark in this bull run. And at the higher range of our price prediction, if Suie was able to get to the $20 price prediction, then this would require an investment today of $92,000 to get to the $1 million mark in this bull run.
At the $10 price prediction, you would need to buy around $100,000 SUI tokens, which is an investment of $183,000 at today's price to become a millionaire with Sooie. In this bull run, at the mid-range of our $15 price prediction, you would need to buy around 66,000 SUI tokens, which is an investment of $122,000 to become a millionaire in this bull run. And finally, at the $20 price prediction, you would need to buy around 50,000 SUI tokens, which is an investment of $92,000 at today's price to become a millionaire with Sooie in this bull run.
Suie future outlook. I believe SUI's future outlook looks positive with it having already secured big investment partners including Coinbase Ventures, Binance Labs and Franklin Templeton to name just a few who are supporting his future development on the blockchain which is an important step for the project moving forward. And what I think makes it the most appealing is the speed with it processing transactions on SUI currently up to 297,000 transactions per second and also the low transaction fees as well. The only concern I can see with SUI is the tokconomics. SUI has a max supply of 10 million tokens, but only a portion of these tokens have been released to the market. So any future unlocks over the coming months and years could have an impact on the price for investors as mentioned in tokconomics section of the video.
But with all this said, SUI does really excel in both scalability and speed and having big investors behind it will enable it to continue to grow and gain adoption in the years to come and overall give it a good chance to compete with the likes of Salana and other layer 1 blockchain competitors moving forward. As always, thank you for watching and if you like this video, I think you like this video next. And please be sure to hit the subscribe button and the bell icon to help support the channel and stay notified when I post my next video.