What happened? According to the analytical company K33 Research, the first-layer (L1) Sui blockchain, due to its high performance, can become the main competitor to Solana and eventually take the position of the best alternative to the Ethereum blockchain. Analyst David Zimmerman noted that since the beginning of August, the SOL rate against ETH has grown by 6%, while SUI/SOL has shown growth of 115% over the same period.
Report K33
What else is known? Zimmerman writes that Sui has all the necessary technical capabilities to become a competitor to Solana. Sui's theoretical maximum throughput is 297,000 transactions per second (TPS), while Solana's is 65,000 TPS.
It is worth noting that there is a significant difference between theoretical and real throughput. Thus, in May, the aggregator CoinGecko named Solana the fastest blockchain among L1 and L2 networks, its real maximum TPS was 1054. Sui is in second place with a record of 854 TPS, set in July 2023.
Mysten Labs was founded by Meta (NASDAQ:META) alumni, and the developers position Sui as a competitor to the Aptos blockchain, also created by their former Meta colleagues. Sui, like Aptos, uses parallel transaction processing, which allows multiple operations to be performed simultaneously, increasing productivity.
SUI is in 30th place in the overall rating of cryptocurrencies with a capitalization of over $3.6 billion and is trading at $1.34, having added 12.3% in a day. The weekly growth was 31.1%, and since the beginning of the year the asset has increased in price by 72%.#AirdropGuide #BinanceTurns7 #ЛюбимыйТокен #TopCoinsJune2024 #IntroToCopytrading
