$SUI
SUI is the native cryptocurrency of the Sui Network, a high-performance Layer 1 blockchain developed by Mysten Labs. Built using the Move programming language, Sui is designed to offer fast, low-cost, and scalable transactions, especially optimized for smart contracts and decentralized applications (dApps). It features parallel transaction execution, allowing high throughput and minimal latency. Unlike traditional blockchains, Sui stores assets and data as objects, enhancing flexibility and efficiency. The SUI token is used for gas fees, staking, governance, and securing the network. Sui aims to support a wide range of Web3 use cases, including gaming, DeFi, and NFTs.
