$SUI

Sui (SUI) is a layer-1 blockchain platform designed for high-speed, scalable, and secure digital asset management. Launched in May 2023, Sui aims to overcome the limitations of earlier blockchains by offering features like parallel transaction processing, which helps keep transaction costs low and speeds up settlement times. The platform utilizes the Move programming language, which is known for its safety features. SUI tokens are the native cryptocurrency of the Sui blockchain and are used for paying transaction fees (gas), staking to secure the network, and participating in the governance of the platform. With a total supply of 10 billion tokens, SUI has a growing ecosystem and is positioned to support a wide range of applications, from gaming to decentralized finance (DeFi).