SUI SUI

Description

Sui (SUI) is a high-performance Layer 1 blockchain developed by Mysten Labs, designed to offer scalable, low-latency, and cost-effective solutions for decentralized applications (dApps), decentralized finance (DeFi), and non-fungible tokens (NFTs). Unlike traditional blockchains that process transactions sequentially, Sui employs a unique object-centric data model and parallel transaction execution, enabling it to achieve over 297,000 transactions per second (TPS) and sub-400 millisecond finality. This architecture makes Sui particularly well-suited for applications requiring rapid and secure transaction processing, such as gaming and real-time financial services.

The native token, SUI, serves multiple purposes within the network, including transaction fees, staking, and governance. With a total supply capped at 10 billion tokens, SUI is distributed through a structured unlocking schedule to promote long-term network stability. Sui ecosystem is bolstered by its use of the Move programming language, which enhances security and efficiency in smart contract execution. Additionally, Sui supports innovative features like zkLogin for authentication with web credentials and customizable trade policies for assets, aiming to provide a seamless and secure user experience