#SUİ Sui Coin is the native cryptocurrency of the Sui blockchain, a layer-1 blockchain designed for high-speed, scalable, and secure decentralized applications. Developed by Mysten Labs, Sui aims to address common blockchain challenges like congestion and high transaction fees. It uses a unique object-centric data model and the Move programming language to enable parallel transaction processing, which significantly boosts throughput and reduces latency. This makes Sui ideal for applications like gaming, DeFi, and NFTs, where speed and efficiency are crucial.

Sui Coin serves multiple purposes within the ecosystem: it’s used for paying transaction fees, staking to secure the network, and governance decisions. The blockchain’s architecture supports low-cost transactions, making it attractive for developers and users alike. As of May 2025, Sui has gained attention for its innovative approach, positioning it as a competitor to other layer-1 blockchains like Ethereum and Solana, with a growing community and expanding use cases.