About
Sui is a decentralized layer-1 blockchain platform designed to enable high-speed, low-latency, and low-cost transactions for decentralized applications (dApps) across finance, gaming, NFTs, and Web3 infrastructure. It was developed by Mysten Labs, a team of former Meta (Facebook) engineers who previously worked on the Diem project and the Move programming language, bringing deep expertise in scalable and secure blockchain design.
The network’s architecture centers around an object-based data model and the Move language, which allows digital assets and smart contract states to be treated as first-class objects. This enables parallel transaction execution, meaning independent transactions can be processed simultaneously, a design that significantly increases throughput and reduces confirmation times compared to traditional sequential blockchains.
At its core, Sui prioritizes scalability, performance, and developer experience. By differentiating between simple and complex transactions, Sui often bypasses full consensus for straightforward operations such as token transfers, leading to faster finality and greater efficiency. The platform supports smart contracts, decentralized finance protocols, dynamic NFTs, and social applications, attracting builders who need both speed and composability.
The native token SUI serves multiple roles within the ecosystem: it is used to pay gas fees, stake with validators to support network security, participate in governance, and act as a unit of account and storage allocation. The network’s object-centric design and parallel processing provide an infrastructure tailored for next-generation Web3 products, particularly in areas requiring interactive and responsive on-chain experiences, such as gaming and real-time financial services.
Since its launch, Sui has expanded rapidly with a growing ecosystem of DeFi protocols, NFT marketplaces, and developer tools. It also integrates unique features like zkLogin, facilitating user onboarding via familiar Web2 credentials (e.g., Google or Apple logins) without requiring private key management.
