Sui insights

The Web3 infrastructure company powering Sui blockchain, which was first unveiled earlier this year, is Mysten Labs. Leading professionals in distributed systems, computer languages, and cryptography work at Mysten Labs. Additionally, the founders oversaw Meta's Novi Research and contributed to the creation of the Move programming language.
Sui prides itself on being the first permissionless layer-1 (L1) proof-of-stake (PoS) blockchain created from the ground up, enabling innovators and developers to construct Web3 products that cater to the upcoming Web3 user population. Sui is a cutting-edge smart contract platform that emphasizes throughput and low latency. The Move smart contract language is the foundation of the asset-oriented programming approach used by the blockchain.

SUI Token

The Sui blockchain's native token, SUI, has a fixed supply of 10 billion tokens. SUI serves a variety of functions within the Sui ecosystem and has multiple goals.