$SUI Sui is a new Layer 1 blockchain designed for high scalability and low-cost, near-instant transactions. Unlike traditional blockchains that process transactions sequentially, Sui leverages a unique "object-centric" data model and parallel transaction execution. This allows it to handle many transactions simultaneously, boosting speed and efficiency, making it ideal for DeFi, NFTs, and gaming.

Built by Mysten Labs, a team from Meta's Diem project, Sui uses the Move programming language, known for its security and efficiency in smart contracts. The native cryptocurrency, SUI, fuels the network for transaction fees, staking, and governance. Sui aims to make Web3 accessible with features like zkLogin, allowing users to log in with social IDs.