# Sui Sui is a decentralized Layer 1 blockchain launched in 2023 by Mysten Labs, a team of former Meta engineers who worked on the Diem project. It is designed for high speed, scalability, and low-cost transactions, capable of processing up to around 300,000 transactions per second through parallel transaction execution. Sui uses a unique object-centric data model and the Move programming language, which allows for more granular and flexible transaction processing, making it ideal for applications like decentralized finance (DeFi), gaming, and NFTs. Its native token, SUI, is used for transaction fees, staking, and governance --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.luganodes.com/apis/staking-apis-v1/sui.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.