Definition
Sui is a Layer 1 blockchain protocol and its native cryptoasset (SUI) designed for high-throughput, low-latency transaction processing and on-chain asset management. It uses an object-centric data model and a smart contract platform based on the Move programming language. As an independent base network, Sui supports decentralized applications, digital assets, and on-chain interactions secured by a distributed validator set.
In Simple Terms
Sui is a standalone blockchain and its own cryptocurrency. It is built to handle many transactions quickly and to store and manage digital items directly on-chain. Developers can create programs that run on Sui, and users can hold and transfer the SUI token and other digital assets on the network.
Context and Usage
Sui is typically discussed as an alternative smart contract Layer 1 network within the broader altcoin landscape. It appears in conversations about decentralized finance platforms, NFT collections, and applications that rely on fast, scalable on-chain state. Sui is also referenced in relation to crypto wallets that support its token standard and to infrastructure that integrates multiple base-layer blockchains.