SUI is the native cryptocurrency of the Sui blockchain, a cutting-edge Layer 1 network designed for unprecedented scalability and speed. Developed by Mysten Labs, a team of former Meta engineers, Sui aims to revolutionize decentralized applications (dApps) by overcoming the limitations of traditional blockchains.
Key features include its unique object-centric data model and the use of the Move programming language, enabling parallel transaction execution for near-instant finality and high throughput. This makes Sui ideal for demanding applications like DeFi, NFTs, and gaming, where real-time interaction is crucial. The SUI token is essential for network operations, serving for transaction fees, staking to secure the network, and participating in governance. Sui's growing ecosystem boasts diverse projects, highlighting its potential to shape the future of Web3.
