**SUI** is the native cryptocurrency of the **Sui blockchain**, a layer-1 blockchain designed for high-speed, low-cost, and scalable decentralized applications (dApps). It was developed by **Mysten Labs**, a team with members who previously worked on Facebookâs **Diem** blockchain project. Sui aims to offer a new design that focuses on scalability and low-latency performance, making it suitable for real-time applications like gaming and DeFi (Decentralized Finance).
The SUI token serves multiple purposes, such as:
- Paying for transaction fees.
- Participating in staking to secure the network.
- Governing the protocol through voting on proposals.
SUI is available for trading on **Binance**, where you can find pairs like **SUI/USDT** and other major trading pairs. It has gained significant attention due to its backing and unique approach to solving blockchain scalability issues.
Let me know if you'd like more details on trading SUI or any features of the Sui blockchain!
