SUI vs SOL, who will dominate the first layer blockchain throne in 2024?

Recently, Solana and Sui have emerged as major participants in the first layer blockchain competition. While Solana has already proven its potential with its groundbreaking developments in 2021, SUI is also making waves with explosive growth!

SOL: The dark horse legend of 2021!

Back in the day, SOL managed to break through on its own in 2021, with astonishing gains! At that time, its market value was only 2.3 billion USD, and although it has changed dramatically since then, that historical growth is still fresh in people’s memories.

SUI: The rising star of 2024!

Speaking of SUI, its performance this year has been nothing short of explosive! In a short period, its market value skyrocketed to 10 billion USD, with a growth rate of 381%! This speed is simply out of this world! Even more astonishing is that its Total Value Locked (TVL) has rapidly climbed to 1.6 billion USD, undoubtedly making it a darling in the DeFi space! I believe SUI can reach 7-10 USD in this bull market!

In-depth comparison, who is better?

Market Value: SUI starts high, and investors are full of confidence, but this may also mean that the path to future growth will be more difficult. TVL: SUI performs remarkably well in attracting DeFi activities, far surpassing SOL's level back in the day, and the strength and practicality of its ecosystem cannot be underestimated! Bitcoin influence: SOL's rise coincided with the decline of Bitcoin's dominance, while SUI has shown strong growth even as Bitcoin's dominance increases!

Although SUI is currently on a strong upward trend, whether it can truly surpass SOL's legend will require time to prove. After all, a higher market value means greater challenges, and market conditions are ever-changing. Are you ready?