Can SUI outperform SOL in this cryptocurrency bull run?
Back in 2021, layer 1 blockchains like Fantom (FTM) and Solana (SOL) saw huge gains, with FTM soaring 500x and SOL soaring 150x. Now, Sui is making waves and many traders are considering switching from SOL to SUI. One of Sui’s standout features is its ability to handle multiple transactions simultaneously, making it highly scalable.
Sui is based on the Move programming language and provides developers with an efficient decentralized application development environment. Its maximum throughput is 297,000 transactions per second (TPS), far exceeding Solana’s 65,000 transactions, highlighting Sui’s future scalability potential.
Sui has gained significant attention in recent months. Its daily active addresses tripled to 1.5 million, and its total value locked (TVL) hit an all-time high of $873 million, just behind Polygon’s $892 million.
Additionally, Sui has partnered with the 3DOS 3D Printing Network and launched pre-orders for the Sui gaming console. In terms of performance, SUI has outperformed Solana in recent months, with $SUI up 240% from local lows, compared to SOL’s 38% gain. However, a price adjustment may result from the major token unlock on October 1, when 64.5 million $SUI tokens will be issued.
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While Sui’s transaction volume is rising, it still lags behind Solana. The recent rise has been driven by “meme season,” with meme tokens like $BLUB, $HSUI, and $PUGWIF seeing significant gains.
Despite Sui's potential, it may not quite rival Solana yet, but it's still a promising short-term trading opportunity. Analysts concluded that SUI is probably a good short-term plan for now until it can build more to compete with SOL.
