🌊 Sui Network Could Be Solana's Most Formidable Rival.
Recently, the Crypto community has been paying great attention to Layer 1 Sui Network as the SUI token has been steadily increasing in price in the short term. Analysts from K33 Research believe that Sui could become one of Solana's most formidable rivals.
Analyst Zimmerman said: "Solana often attracts a lot of attention during Layer 1 Wars, but while SOL/ETH is up 6% since August, SUI/SOL has increased by 115% over the same period."
Recently on September 17, stablecoin issuer Circle announced the launch of USDC on the Sui network, allowing users and developers to use USDC for many DeFi, GameFi, SociaFi products, etc. Historically, when Circle brings Native USDC to a blockchain, it often leads to large inflows of money into that chain and pushes the token price up.
Sui has created outstanding technology, arguably the most impressive in Layer 1. However, we have yet to see it outperform Solana in real-world metrics such as average daily TPS. However, K33 Research believes that Sui can improve these performances if Sui continues to attract a large number of users and money flowing into the ecosystem.
