Validators process transactions and receive fees from users (supply-side fees).

Sui is a smart contract platform for decentralized applications (a blockchain). Sui was founded by Evan Cheng, Sam Blackshear, Adeniyi Abiodun, George Danezis and launched in 2022.

Sui (Mysten Labs) team & investors own and govern the protocol. They currently don’t take a cut of the total transaction fees paid by users (revenue). Sui's investors include a16z, Coinbase Ventures, Electric Capital, etc.

github

twitter

discord

website

Blockchains (L1)

# Sui Block time Methodology

## 1. Overview

Block time measures the average time it takes for a new block to be added to the Sui blockchain. It reflects the speed at which the network processes transactions and updates its state. This metric is a key indicator of network latency and overall throughput efficiency.

## 2. Data sources

- **Blockchain events**: Block headers containing sequence numbers and timestamps from the Sui network
- **External data**: None directly consumed for this metric

## 3. Step-by-step calculation

### Component A: Block data extraction

- **Purpose**: Retrieve the sequence and timing of all blocks recorded on the network
- **Logic**: Block numbers and their corresponding timestamps are extracted from Sui network data. Only blocks with a sequence number greater than zero are included in the calculation to ensure data integrity.
- **Key fields**: `block_timestamp`, `block_number`

### Component B: Block interval calculation

- **Purpose**: Determine the time elapsed between the production of consecutive blocks
- **Logic**: The temporal difference in milliseconds is calculated between the timestamp of a specific block and the timestamp of the block immediately preceding it. Calculation is strictly limited to sequential blocks where the difference between block numbers is exactly one.
- **Key fields**: `block_timestamp`, `previous_timestamp`, `block_number`, `previous_block_number`

### Component C: Daily aggregation and normalization

- **Purpose**: Calculate the average block time for each daily period
- **Logic**: Individual block intervals are grouped by UTC day based on the block timestamp. The mean (average) block time is calculated for each group. The final values are normalized to the correct decimal precision and processed to ensure continuous time series data, with gaps filled by zero-value entries where applicable.
- **Key fields**: `timestamp`, `block_time`

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

avg(block_timestamp - previous_block_timestamp)

SuiSUI

Block time

Block time

Competitive landscape