$SUI

SUI is a next-generation Layer 1 blockchain developed by Mysten Labs, designed for speed, scalability, and low-cost transactions. Built using the Move programming language, originally developed by Facebook’s Libra project, SUI introduces innovative features like object-centric data structures and parallel transaction execution. These allow SUI to process thousands of transactions per second with minimal latency. It’s especially suited for gaming, decentralized finance (DeFi), and other high-throughput applications. The SUI token is used for gas fees, staking, and governance. With strong backing and a developer-friendly ecosystem, SUI aims to reshape blockchain usability and scalability in the Web3 space.