Sui (SUI) perpetual market

Sui is a layer-1 blockchain that launched its mainnet in May 2023, built by Mysten Labs, a team of former Meta engineers who worked on the Diem and Move projects. It uses the Move programming language and an object-centric data model that treats assets as distinct objects, letting simple transactions bypass global consensus and execute in parallel for very high throughput and fast finality. Its native token, SUI, pays gas, is staked to secure the network under delegated proof-of-stake and is used for governance. Sui targets consumer-scale applications such as gaming, social apps and payments, emphasizing low, predictable fees and a smoother developer experience. Alongside Aptos, it emerged from the Move ecosystem seeded by Meta's abandoned crypto effort, and it drew significant venture backing and developer interest as one of the more prominent newer high-performance chains.