Here's what you need to know! 🏆
Monolithic blockchains like Solana, Sui, and Aptos are making waves, outperforming other competitors in September due to their higher throughput and lower transaction costs. According to VanEck’s Crypto Monthly Recap, Solana (SOL), Sui (SUI), and Aptos (APT) saw price increases of 14%, 118%, and 23% respectively 🚀.
Sui experienced a massive 140% increase in daily active addresses, pushing its market cap above $5 billion 💹. Aptos’ growth was driven by its Raptr software upgrade, while Solana’s vertically integrated protocol continues to shine, earning it the title "MacOS of Blockchains" 🖥️.
VanEck highlights the potential for Solana, Sui, and other monolithic blockchains to disrupt Ethereum’s dominance by offering lower costs and higher throughput. The market's migration away from Ethereum is contributing to its poor performance this year, with Ethereum trading below its 200-day EMA.
Are these "Ethereum killers" the future of blockchain? 🌐
