$BTC Sui is a Layer 1 blockchain launched in 2023 by Mysten Labs, focusing on scalability and low-cost transactions through its unique object-centric data model and the Move programming language. Instead of the traditional account-based model, Sui treats on-chain assets as individual objects, enabling parallel transaction processing for increased speed and efficiency.
The native SUI token is used for gas fees, staking, and governance. The Sui ecosystem has rapidly expanded, attracting significant Total Value Locked (TVL) in DeFi and fostering a growing number of decentralized applications (dApps) across various sectors like DeFi, NFTs, and gaming. Currently, 1 SUI is trading at approximately 130.36 Sri Lankan Rupees.