$SUI

is a Layer 1 blockchain designed for high-speed, low-cost transactions. Its native token, SUI, fuels the network, paying for gas fees, enabling staking by validators to secure the chain, and facilitating governance decisions. Sui utilizes an "object-centric" data model and the Move programming language, allowing for parallel transaction execution and enhanced scalability, making it suitable for DeFi, NFTs, and gaming applications.