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.

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# Sui Token holders Methodology

## 1. Overview

Token holders measures the number of unique addresses that hold a non-zero balance of SUI, the native asset of the Sui network. This metric is used to track the expansion and distribution of the network's user base over time. By monitoring the count of addresses with positive balances, the growth of the Sui ecosystem's participant base is quantified.

## 2. Data sources

- **Blockchain events**: Native SUI balance changes captured from the Sui network
- **External data**: Asset metadata for the native SUI coin type

## 3. Step-by-step calculation

### Component A: Native balance change extraction

- **Purpose**: Identify all transactions that result in a change to an account's native SUI holdings.
- **Logic**: Transaction effects are parsed to extract balance changes specifically for the native SUI asset. Changes with a value of zero are excluded to ensure only active balance updates are processed.
- **Key fields**: `block_timestamp` (timing), `account_address` (identifier), `amount` (magnitude of change).

### Component B: Daily account balance tracking

- **Purpose**: Determine the end-of-day balance for every address that has ever interacted with the native asset.
- **Logic**: Daily net changes are calculated by summing all balance updates for each address. A running sum of these daily deltas is used to compute cumulative balances. For accounts that do not have transaction activity on a specific day, the last known balance is forward-filled. This process ensures that every account has a recorded balance for every day following its initial transaction.
- **Key fields**: `timestamp`, `account_address`, `amount` (cumulative balance).

### Component C: Token holder aggregation

- **Purpose**: Calculate the total number of unique addresses with a positive SUI balance.
- **Logic**: Addresses are filtered to include only those with an end-of-day balance greater than zero. A distinct count of these addresses is then performed for each daily timestamp. The resulting values represent the total count of unique native asset holders for the network.
- **Key fields**: `timestamp`, `account_address`.

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

Unique addresses holding a non-zero balance of the project's native token.

SuiSUI

Token holders

Token holders

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