$SUI SUI is the native cryptocurrency of the Sui blockchain, a high-performance, layer-1 blockchain developed by Mysten Labs. Built using the Move programming language, Sui is designed for speed, scalability, and low latency. It enables fast and affordable transactions, making it ideal for decentralized applications (dApps), gaming, and NFTs. Unlike traditional blockchains that rely on a global consensus for every transaction, Sui processes simple transactions in parallel, significantly increasing throughput. Its object-based model allows dynamic, upgradable smart contracts. SUI tokens are used for gas fees, staking, and governance, giving holders influence over network upgrades and protocol decisions, making it a promising Web3 project.