$SUI SUI is a Layer 1 blockchain and smart contract platform designed for high throughput and low latency. Its key innovation is the Move programming language and an object-centric data model, enabling parallel transaction processing for significant scalability. The SUI token powers the network, used for gas fees, staking to secure the network, and governance participation.

Developed by Mysten Labs, founded by former Meta Novi Research members, SUI aims to support consumer-scale decentralized applications (dApps) like gaming and DeFi. Since its mainnet launch in 2023, the ecosystem has grown, attracting developers and projects. While promising fast speeds and low costs, SUI faces competition from established L1s. Its price, like all cryptocurrencies, is subject to high volatility influenced by market trends, adoption progress, and overall crypto sentiment. Always conduct thorough research.