$SUI *SUI* is the native token of the *Sui blockchain*, a high-performance Layer 1 blockchain developed by *Mysten Labs* (founded by ex-Meta engineers).

🔹 Key Features of Sui:

- *Move-based Smart Contracts*: Uses the *Move language* (originally from Facebook’s Diem project), designed for safety and asset control.

- *High Scalability*: Processes transactions in parallel (vs sequentially), making it fast and efficient.

- *Low Fees*: Designed for micro-transactions and Web3 apps.

🔑 Use Cases forSUI:

- Gas fees for transactions

- Staking to secure the network

- Governance (planned for future)

- Payment for NFTs, DeFi apps, and gaming

🚀 Ecosystem:

- *DeFi*: Aftermath Finance, KriyaDEX

- *NFTs & Gaming*: SuiNS, BlueMove

- *Wallets*: Sui Wallet, Ethos