SUI's performance in the public chain field and comparison with Solana:
SUI's recent market performance:
SUI has risen by more than 70% in the past two weeks, which is reminiscent of Solana's rapid growth during the 2021 bull market. Although some people regard SUI as a "Solana killer", this comparison may be premature. SUI's ecological development faces many challenges, the early market lacks confidence in it, and many ecological projects fail. However, due to the market's enthusiasm for meme coins and macro-level positive news such as the release of USDC stablecoins, SUI's recent performance is indeed eye-catching. But compared with Solana, SUI still has a long way to go.
SUI's ecological moat and killer applications:
Compared with Ethereum and Solana, SUI's ecology is still in its infancy. Ethereum has a strong network effect in the DeFi and NFT fields, while Solana has attracted many developers with high performance and low fees. SUI's advantage lies in its Move programming language, which provides better security and flexibility. Despite this, SUI has not yet seen a clear killer application. The upcoming $100 million unlock may have a short-term negative impact on SUI's price.
Potential projects and meme coins in the SUI ecosystem:
In SUI's DeFi and lending protocols, some projects such as Scallop and Navi Protocol have shown potential. As for meme coins that have performed strongly recently, such as BLUB and FUD, it is not recommended to participate, because they are difficult to compete with meme coins on Ethereum, and the number of participants is small, which is not enough to drive the game on the fundamentals.
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