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