eSui Dollar

SUIUSDE Price

About eSui Dollar (suiUSDe)

eSui Dollar is a synthetic dollar native to the Sui blockchain, designed to provide stable, programmable liquidity for advanced decentralized finance applications.

• Institutional-Grade Utility: It serves as the first synthetic dollar integrated into DeepBook Margin, enabling capital-efficient trading and lending workflows.
• Strategic Collaboration: The asset was developed through a collaboration between the Sui ecosystem and Ethena Labs to bridge high-performance on-chain infrastructure with stable digital value.
• Ecosystem Integration: It is supported by a wide range of Sui-based protocols, facilitating its use across margin trading, yield generation, and collateralization.

What Is eSui Dollar

eSui Dollar (suiUSDe) is a stablecoin primitive that brings synthetic dollar capabilities to the Sui network. Launched on the Sui Mainnet, it is intended to function as a core piece of financial infrastructure, particularly for the DeepBook ecosystem. The project aims to provide a digital representation of the US Dollar that is fully integrated with the network's programmable market logic.

Value moves through the system by providing a stable medium for traders to manage risk and developers to build complex financial products. The token is put to work as a primary asset for margin trading, where it acts as a reliable unit of account and settlement. As the Sui ecosystem grows, eSui Dollar scales by becoming a standard liquidity layer for decentralized exchanges and lending protocols, allowing for deeper market participation without the volatility associated with native blockchain assets.

What Makes eSui Dollar Unique

• Native DeepBook Integration: Unlike traditional stablecoins, eSui Dollar is the first synthetic asset specifically designed to leverage DeepBook Margin, Sui's institutional-grade on-chain market infrastructure.
• Programmable Market Infrastructure: It utilizes Sui's Move-based architecture to enable features like isolated margin pools and real-time liquidation engines directly at the protocol level.
• Ecosystem-Wide Support: From launch, the asset is integrated with multiple major protocols, including Abyss, Cetus, Navi, and Scallop, ensuring immediate utility and liquidity.
• Non-EVM Synthetic Blueprint: It represents one of the first major synthetic dollar implementations on a high-performance, non-EVM (Ethereum Virtual Machine) chain, showcasing the scalability of the Sui Stack.

What Can You Use eSui Dollar for?

eSui Dollar is pegged to the US Dollar and provides the following four primary use cases according to available documentation:

1. Value retention: The asset allows users to hold a digital, on-chain representation of the US Dollar, which may reduce exposure to broader cryptocurrency market volatility while remaining within the Sui ecosystem.
2. Yield generation: The source material identifies passive rewards and active trading strategies as core features. Users can access yield through lending protocols and liquidity provisioning on platforms integrated with DeepBook Margin, such as Aftermath and Suilend.
3. Cross-border settlement / value transfer: As a stablecoin on the Sui network, it facilitates global, frictionless transfer of US Dollar value with the sub-second finality characteristic of the underlying blockchain.
4. Collateralization: eSui Dollar is specifically utilized as backing for borrowing and lending protocols. It serves as margin for decentralized trading venues, allowing participants to engage in leveraged positions with a stable collateral base.

How Does eSui Dollar Work?

eSui Dollar operates as a synthetic asset that tracks the value of the US Dollar through a mechanism developed in collaboration with Ethena Labs. It is built using the Move programming language, which allows for the creation of secure, object-centric assets on the Sui network. The token interacts natively with DeepBook Margin, a platform that provides the logic for margin requirements, liquidations, and rewards.

Transactions involving eSui Dollar incur protocol service fees, which are managed through DeepBook's flexible fee mechanics. These fees support the maintenance of the liquidation engines and the overall stability of the margin system. By utilizing isolated margin pools, the protocol ensures that risks associated with specific trading pairs do not affect the broader stability of the eSui Dollar supply.

Team Info and Investors

The development of eSui Dollar involved several key institutional participants. Mysten Labs, the original contributor to the Sui network, played a central role in its technical integration. The project is also supported by SUI Group Holdings (NASDAQ: SUIG), an organization focused on advancing institutional infrastructure and on-chain market development. Ethena Labs provided the foundational synthetic dollar model upon which eSui Dollar is based. Governance and oversight are handled through the decentralized structures of the Sui ecosystem and its participating protocols.

Where can you buy eSui Dollar?

SUIUSDE tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade eSui Dollar is Cetus, where the most active trading pair SUIUSDE/USDC has a trading volume of $75,014.39 in the last 24 hours. Other popular options include Bluefin and Turbos Finance.

What is the daily trading volume of eSui Dollar (SUIUSDE)?

The trading volume of eSui Dollar (SUIUSDE) is $93,745.79 in the last 24 hours, representing a 31.80% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for eSui Dollar (SUIUSDE)?

eSui Dollar (SUIUSDE) reached an all-time high of $1.06 and an all-time low of $0.9876. It’s now trading -5.80% below that peak and 1.30% above its lowest price.

What is the market cap of eSui Dollar (SUIUSDE)?

Market capitalization of eSui Dollar (SUIUSDE) is $13,459,998 and is ranked #968 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of SUIUSDE tokens (13 Million tokens are tradable on the market today).

What is the fully diluted valuation of eSui Dollar (SUIUSDE)?

The fully diluted valuation (FDV) of eSui Dollar (SUIUSDE) is $13,459,998. This is a statistical representation of the maximum market cap, assuming total number of 13 Million ETH tokens are in circulation today.

How does the price performance of eSui Dollar compare against its peers?

With a price increase of 0.00% in the last 7 days, eSui Dollar (SUIUSDE) is outperforming the global cryptocurrency market which is down -3.30%, while outperforming when compared to similar Stablecoins cryptocurrencies which are down -0.30%.