The narrative on#Solanahas basically been told. If there is no new narrative, then this round of $SOL will be about 2-3 times the increase of $ETH. Capital needs a new public chain to carry traffic.

In every round, there will be so-called Ethereum killers. Although the public chain competition seems to be over, from the perspective of capital, Ethereum killers are just superficial. They just follow the path of Ethereum again and improve the performance. In essence, they are just building a new plate to carry funds rather than carrying the sedan chair for others.

The Ethereum killer in the previous round was $ADA, which ranked third in market value at the peak of the bull market; in the previous round it was $BNB and continues to be so until now; in the first half of this round, $SOL briefly took the lead and squeezed out $BNB, and it will most likely sit firmly in the third place by the end of this round; then, the third place in the next bull market should perform well in this round, at least enter the top ten (excluding stablecoins).

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At present, there are two public chains with this flavor.

Current Market Value

#Sui (No.26)

#Phantom (No.54)

$Sui is also Wall Street capital, which is old wine in a new bottle;

USDC settles in: significant strategic advantages

Recently, Sui received exciting news - the USDC native stablecoin has officially entered the Sui network. This move is undoubtedly a major benefit to Sui. As a strong opponent of Solana, Sui is now showing a similar vitality to the early Solana. The introduction of stablecoins not only brings significant strategic advantages to Sui Chain, but also lays a solid foundation for its DeFi applications.

  • Improved liquidity: It accelerates the expansion of existing applications and lowers the threshold for new users, which is a great boon especially for those users who are sensitive to the volatility of cryptocurrencies.

  • Enhanced economic resilience: As a stabilizing force in the ecosystem, stablecoins effectively mitigate the risks brought about by market fluctuations, making Sui more economically resilient.

  • Improved global competitiveness: The addition of international stablecoins such as USDC has further enhanced Sui’s competitiveness in the global market and promoted the process of cross-chain interaction.

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In the blockchain arena, Sui and Solana are both competing and cooperating. With the addition of USDC and the launch of Walrus Protocol, Sui is gradually showing its potential to become a strong competitor of Solana. However, we should also see that this competition promotes the progress and development of the entire blockchain industry.

  • Trend chasing: In the cryptocurrency world, everyone is constantly chasing trends. Timely changes in trend can allow us to seize opportunities at the first opportunity.

  • Cross-chain interoperability: In the future, with the continuous development of cross-chain protocols such as CCTP, the interoperability between Sui and blockchains such as Solana will be further enhanced, bringing more convenience to users and developers.

From the perspectives of technical team, ecological application, user experience and market performance, SUI and SOL each have their own advantages and disadvantages. SUI excels in technological innovation and ecological application, while SOL has occupied a place in the market with its mature technology and ecology.

$Phantom

Fantom is the return of AC, with the updated brand name Sonic, which is a new take on an old tree. I think they have the potential to carry the narrative and be hyped, thereby increasing their market value. As for whether they can carry on what was mentioned in the previous point, further observation is needed. The expectation is there, which means there is room.

The token name after the brand upgrade was changed to $S. The main change in the upgrade is the transaction speed, which is said to be faster than #Solana. Does it taste familiar? There are limited memes on #Fantom, and funds are easier to concentrate. Previously in May, AC led a wave of ecological incentives.

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The biggest narratives of this round are ETF (Bitcoin ecosystem) and memecoin (against VC)

For competing public chains, the large-scale application of SOL’s pumpfun is the best path to follow. Therefore, it is bold to infer that#Fantomand $Sui will usher in a meme explosion, bringing users and funds to the ecosystem. There are already signs of this, but it is relatively early.

So everyone can ambush these two public chains in advance.