$SUI is the token of the Sui protocol, a layer-one blockchain launched in May 2023. The token was launched on a variety of crypto exchanges, including Bybit and Kucoin, as of that day.

The Sui protocol uses Sui Move, a Rust-based programming language, to provide high-speed transactions, instant processing, and scalability.

$SUI distinguishes itself from previous blockchain systems by allowing for parallel transaction processing and horizontal scaling, allowing it to maintain low transaction costs.

Sui operates on a delegated proof-of-stake consensus mechanism. Even before the mainnet launch, Sui has attracted the attention of many in the crypto community.

It has a promising future.