SUI VS SOL: An imitator or a surpasser who has ascended to the top overnight?
Since SUI was added to the crypto investment fund by Grayscale in early August, it has started to pull up the market. So far, it has pulled up more than five times and nearly six times in just two months.
And recently, when I heard that SUI chain will also launch MEME sector like SOL to continue to rise, it has become even more hyped.
At present, SUI has a market value of 6.1 billion US dollars and SOL has a market value of 72.6 billion US dollars.
From the comparison of market value, it can be seen that they are basically not in the same order of magnitude, and SOL is the product of the last bull market in terms of backup. It has experienced ups and downs and has become popular again this season with the MEME on the chain.
Because of FTX, many large institutions have been trapped in SOL before. Now it is normal for institutions to lend a hand when they have the opportunity to untie it.
SUI is the product of this season, and it has not shown obvious strong performance since it went online last year. At present, it is also due to the popularity of Grayscale and its own pull. It is still lacking in ecological construction and scope.
It cannot be done from the fundamentals and public chain narrative.
If SUI wants to rely on the popularity of MEME to boost the overall SUI chain and the local currency, it will have to come up with a similar project as the one on SOL. By staking SUI to participate in the SUI chain Tugou project, it can attract more investors from the primary market through high multiples to drive a higher staking amount of SUI, and then launch a new sui Tugou. In the same way, it can then go to the secondary market to boost the overall trend.
However, it may not be so easy for L1, which simply imitates the old path of SOL, to surpass the original SOL.
