The $SUI network is an innovative blockchain platform aimed at overcoming challenges such as scalability, speed, and cost. The network was launched in May 2023 by "Mysten Labs", founded by former engineers at "Meta" who were part of Facebook's "Diem" project (previously known as Libra). Sui seeks to provide a decentralized system capable of processing a massive number of transactions quickly and at a low cost, while reducing response time.