$SUI $SUI is the native token of the Sui Network, a Layer-1 blockchain built for high throughput and low latency. It was developed by Mysten Labs, a team of ex-Meta (Facebook) engineers who previously worked on the Diem blockchain and Move programming language.

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⚙️ Key Features of Sui Network

Layer-1 Blockchain

Uses the Move programming language (originally from Facebook’s Libra)

Focus on scalability, fast finality, and parallel transaction execution

Designed for NFTs, DeFi, and game applications

Competes with networks like Solana, Aptos, and Avalanche

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💰 $SUI Token Utility

Staking: Earn rewards by delegating to validators

Gas Fees: Used to pay for transactions and smart contract operations