The $SUI network is an innovative blockchain platform aimed at overcoming challenges such as scalability, speed, and cost. The network was launched in May 2023 by "Mysten Labs", founded by former engineers from "Meta" who were part of Facebook's "Diem" project (formerly known as Libra). Sui aims to provide a decentralized system capable of processing a massive number of transactions quickly and at a low cost, while reducing response time.