Sui Network Turns to Mist Units to Improve Payment Efficiency

Developers said that denoting Sui in Mist units will enable more flexibility in SUI transactions by supporting micropayments at very low gas fees.

AccessTimeIconOct 21, 2022 at 7:38 a.m. UTC
Updated Oct 21, 2022 at 2:45 p.m. UTC

Developers of the Sui Network introduced Mist units for the project’s native SUI tokens in a move geared towards more efficient micropayments.

Mist is not a separate token, but functions similar to how 100 cents become $1. Each SUI will be broken up into 1 billion MIST, developers said, allowing for low gas fees while conducting transfers worth a few dollars.

Gas fees refers to a fee paid by users to perform any function on a blockchain. These can range from a few pennies to several hundred dollars based on demand or the underlying network.

Utilizing MIST will also mitigate the insufficient gas problems caused by coin dust, a phenomena where coins with very low value that are stored in a users’ wallet add up to tens of dollars over time and become unusable due to high gas fees.

The SUI coin balance in Move or Sui protocol was previously interpreted as SUI directly. For example, a SUI coin with a balance of 100 used to be interpreted as 100 SUI. With the MIST update, the value will be interpreted as 100 MIST or 10^-7 SUI, as per developers.

The new SUI and MIST values will soon be displayed on the Sui Wallet and Sui blockchain explorer.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.

Read more about