$SUI *Text on SUI*

SUI is a layer 1 blockchain that stands out for its exceptional performance and expanding ecosystem. Launched in May 2023 by Mysten Labs, a company founded by former Meta developers, SUI aims to address the challenges of scalability, decentralization, and security faced by traditional blockchains.

- *Utility of SUI*: The SUI token is used to pay transaction fees, participates in protocol governance, and can be used for staking, offering rewards to investors.

- *Performance*: Thanks to its innovative architecture and the Mysticeti upgrade, SUI can process transactions in less than a second and support over 100,000 transactions per second.

- *Ecosystem*: The SUI ecosystem is enriched with protocols like DeepBook, Walrus, and DeFi projects such as Bluefin and Suilend.