Sui is a layer-1 blockchain created to enable quick, low-latency transactions, making it a strong choice for real-time applications like gaming, decentralized finance (DeFi), and other responsive services. Launched in May 2023, its architecture emphasizes immediate transaction completion and high throughput, with smart contracts written in Move, a Rust-based programming language optimized for fast, secure transaction execution.

A key differentiator in Sui’s approach is its transaction processing model. The network can handle multiple transactions simultaneously instead of the typical sequential processing, reducing congestion and enabling a throughput of nearly 300,000 transactions per second. This is achieved through transaction parallelization, which allows multiple, independent types of transactions to reach “parallel agreement” simultaneously, leveraging data structured as independent objects.