SUI is a Layer 1 blockchain and smart contract platform that aims to provide fast, private, secure, and accessible digital asset ownership to everyone. Its unique features, such as horizontal scaling, composability, sparse replay, and on-chain storage, allow for a more efficient and flexible blockchain architecture. SUI was founded by former executives and lead architects of Meta’s Novi Research and is built on the Move programming language.
The project has seen growing interest as it develops important partnerships with industry figureheads like Alibaba Cloud and Red Bull Racing.