$SOL Sui is a high-performance Layer 1 blockchain designed for fast transactions, low costs, and enhanced scalability. Developed by Mysten Labs, a team of former Meta (Facebook) engineers, Sui leverages a unique object-focused data model and the Move programming language, which is derived from Rust.

Unlike traditional blockchains that process transactions sequentially, Sui utilizes parallel execution, allowing multiple independent transactions to be processed simultaneously. This, combined with the innovative Narwhal & Bullshark consensus mechanism, enables near-instant transaction finality and significantly higher throughput. Sui aims to bridge the gap between Web3 innovation and Web2 accessibility, making it ideal for demanding applications such as DeFi, gaming, and real-time dApps. Its native token, SUI, is used for gas fees, staking, and governance.