Description
Sui is a decentralized Layer 1 blockchain platform built to support advanced web3 applications through high throughput, low latency, and scalability, leveraging the Move programming language. Its innovative consensus and object-centric data model enable parallel transaction processing for enhanced efficiency across use cases like NFTs, DeFi, gaming, and social apps. Sui offers immediate transaction finality, similar to centralized services but with blockchain's transparency and security. The SUI token supports multiple roles from staking, paying gas fees, to governance. Notable features include horizontal scaling, zkLogin, and sponsored transactions, aiming for user-friendly, large-scale adoption. The platform's emphasis on accessibility and its storage fund strategy ensure sustainable, fair operations. Sui's total token supply is 10 billion, with 2.5-2.7 billion circulating, actively traded with volumes up to $484 million, and prices ranging from $0.61 to $2.07 USD, detailed further on its official site.
Sui is a decentralized Layer 1 blockchain platform built to support advanced web3 applications through high throughput, low latency, and scalability, leveraging the Move programming language. Its innovative consensus and object-centric data model enable parallel transaction processing for enhanced efficiency across use cases like NFTs, DeFi, gaming, and social apps. Sui offers immediate transaction finality, similar to centralized services but with blockchain's transparency and security. The SUI token supports multiple roles from staking, paying gas fees, to governance. Notable features include horizontal scaling, zkLogin, and sponsored transactions, aiming for user-friendly, large-scale adoption. The platform's emphasis on accessibility and its storage fund strategy ensure sustainable, fair operations. Sui's total token supply is 10 billion, with 2.5-2.7 billion circulating, actively traded with volumes up to $484 million, and prices ranging from $0.61 to $2.07 USD, detailed further on its official site.