SUI – High-speed blockchain aimed at a true Web3 user experience"
SUI is the native token of the Sui Network, a Layer 1 blockchain using the Move programming language – spun off from the Libra (Meta) development team. Sui is designed to handle parallel transactions, increasing scalability and reducing latency, thereby providing a smoother experience for users and developers.
SUI is used to pay transaction fees, stake for network security, and participate in governance. The project is particularly suitable for Web3 applications such as games, NFTs, and decentralized wallets due to its architecture optimized for speed and interaction.
Although the price of SUI is currently quite volatile, the ecosystem is steadily expanding with many integrated projects. In the long term, SUI has the potential to become the most user-friendly platform for the general public in Web3.