$SUI

SUI, short for Sui Network, is a Layer 1 blockchain platform designed for high-performance decentralized applications (dApps) and digital asset management. Developed by Mysten Labs, SUI uses the Move programming language, originally created by Facebook’s Diem project, to ensure secure and flexible smart contract development. Unlike traditional blockchains, SUI uses a unique consensus mechanism that separates simple and complex transactions, allowing faster processing and scalability. Its object-centric data model supports real-time asset ownership changes and improved throughput. SUI aims to provide low-latency, high-throughput blockchain infrastructure, ideal for gaming, finance, and NFTs. Its native token, SUI, powers transactions, staking, and governance within the network.