$SUI SUI is the native token of the Sui blockchain, a next-generation Layer 1 smart contract platform developed by Mysten Labs. Built using the Move programming language, Sui focuses on scalability, low latency, and high throughput, making it ideal for decentralized applications (dApps), gaming, and NFTs. Unlike traditional blockchains, Sui introduces an object-based model and parallel transaction execution, enabling faster and more efficient operations.

$SUI serves multiple purposes within the ecosystem, such as paying gas fees, staking for network security, and participating in governance decisions. The platform aims to offer a smooth user experience with instant finality and low transaction costs.

Sui is considered a strong competitor to other chains like Solana and Aptos, attracting attention from developers and investors looking for scalable and innovative blockchain solutions.