$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