$SUI Sui is a decentralized, Layer-1 blockchain designed for high performance and scalability. Developed by Mysten Labs, a team of former Meta employees, Sui uses an object-centric data model and parallel transaction execution to achieve rapid transaction speeds and low costs. It leverages the Move programming language, originally from Meta's Diem project, which enhances security and efficiency for smart contract development. Sui aims to support a wide range of Web3 applications, including DeFi, NFTs, and gaming, by offering instant transaction finality and horizontal scaling capabilities. Its native token, SUI, is used for gas fees, staking, and governance.