$SUI Sui (SUI) is a promising Layer 1 blockchain developed by Mysten Labs. The highlight of Sui is its object-centric model, which allows for parallel transaction processing and achieves high throughput. Utilizing the safe and horizontally scalable Move programming language, Sui aims to build a robust platform for DeFi, Web3 games, and NFTs with low fees. The SUI token is used for fees, staking, governance, and as a medium of exchange. Sui is a formidable competitor to Aptos and Solana, promising to unlock many groundbreaking applications in the future.