$SUI

Layer‑1 blockchain built on Move, initially created by former Meta (Facebook) Diem engineers .

Object-centric, parallel transaction execution enables ultra-fast speed (~297k TPS) and ~400 ms finality, making it ideal for complex dApps, gaming, DeFi, and real‑world asset use .

Accounts, assets, and transactions are stored as on-chain “objects” — making them composable and reducing errors .

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📈 Token & Market Summary

Current price: Around $3.78 (a ~2–3 % drop today, but ~12–13 % up over the past week) .

Market cap: Approximately $13 billion, with ~3.5 billion SUI circulating out of a 10 billion max supply .

All-time high: ~$5.35 (January 6, 2025); recently facing chart resistance near $4.30, with analysts eyeing a potential rally to $5 if momentum continues .

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🔧 Why It Matters

Developer-first architecture: The object model and Move programming language reduce smart contract errors and increase composability, attracting strong DeFi and gaming developer interest .

Scalable performance: Parallel processing and a hybrid consensus approach (“Sui Lutris”) cut latency, maintain high throughput, and simplify user interaction .

Ecosystem growth: Over 100 dApps built and $90 billion in DEX volume reported — seen as one of the most promising Layer‑1s for mass adoption .