$SUI What is Sui?

Sui is a level 1 (L1) blockchain created by Mysten Labs, founded by former Meta engineers who worked on the Diem project and Move (programming language).

Sui is designed for scalability, high transaction speed, and low fees. It is based on a unique data processing model: an object model and parallel execution of transactions.

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Advantages:

1. High throughput

Thanks to parallel transaction execution, Sui can process tens of thousands of transactions per second (TPS).

2. Move programming language

It is secure, asset-oriented, and allows for better management of digital objects.

3. Well-funded project

Mysten Labs has raised over $300 million in investments (from a16z, FTX Ventures, Coinbase, Binance Labs, etc.).

4. Suitable for Web3, gaming, NFT

Due to its architecture, Sui is well-suited for dynamic decentralized applications.

Disadvantages and risks:

1. Young network

Sui launched in 2023. This is still an early stage of development, and the project needs to prove its resilience in practice.

2. Competition

It has to compete with other L1s like Solana, Aptos, Avalanche, etc.

3. Price of the SUI token

The price can be very volatile. Like many new projects, SUI has experienced a decline after listing.