Sui

Sui is a Layer 1 blockchain developed by Mysten Labs, a company founded by former lead engineers from Meta's blockchain research division, and it is designed to serve as a high-speed platform for owning digital assets and running Web3 applications. It addresses the problem of slow, congested blockchains by building a network intended to process many transactions at once without sacrificing low fees as usage grows. Developers building decentralized applications and users seeking fast, inexpensive transactions on a smart-contract platform are the primary audiences.

Sui uses a Proof of Stake consensus mechanism and organizes data as independent objects rather than entries in a shared account ledger, which allows many transactions to be processed in parallel rather than sequentially. The Move programming language governs how those objects behave, providing a safety framework for assets and contracts. The SUI token is used to pay transaction fees, to stake with validators who secure the network, and to contribute to a storage fund that compensates validators for keeping data available over time.

Fees are paid by users initiating transactions on the network, and those fees flow partly to validators who process them and partly to a storage fund that covers long-term data retention costs. Over the trailing 30 days, the network collected 89,155 USD in total fees, of which 30,676 USD was retained as protocol revenue, implying a take rate of roughly 34.4 percent over that period. Annualizing the trailing 30-day figure produces approximately 1,084,719 USD in fees and about 373,000 USD in protocol revenue at the same take rate. Fee growth over the trailing 30 days was 66.52 percent, and protocol revenue growth over the same window was 60.16 percent.