SUI is the native utility token of the Sui blockchain, a high-performance Layer 1 platform designed for scalability and low-latency applications. Developed by Mysten Labs, Sui leverages a unique parallel execution model and object-centric data structure, enabling fast and efficient transactions. The SUI token is used for staking, paying gas fees, and participating in on-chain governance. Its design supports a decentralized economy, encouraging validator participation and ecosystem growth. With its focus on user-friendly development and scalability, Sui aims to support a wide range of decentralized applications (dApps), gaming, and finance solutions, positioning itself as a key player in Web3 infrastructure.
$SUI Crypto