$SUI is the native token of the Sui blockchain, a high-speed Layer 1 network developed by ex-Meta engineers at Mysten Labs. Launched in 2023, Sui uses the Move programming language and an object-based model to enable parallel transaction execution, resulting in fast, scalable, and low-cost operations. $SUI is used for transaction fees, staking, and governance, and it powers a growing ecosystem of DeFi, NFTs, and gaming applications.
