Let’s first understand SUI:
Sui is a permissionless Layer1 blockchain designed from the ground up to enable creators and developers to build experiences that will satisfy the next billion users in web3. Sui is horizontally scalable, supporting a wide range of application development with unparalleled speed and low cost.
Total supply: 10 billion, allocated to the founding team, investors, public sale, Sui Foundation, and future releases.
Token functions: staking/protecting the network; transaction fees; governance; account unit/transaction intermediary.
Users can use the Sui platform to conduct transactions to create, modify and transfer digital assets or interact with complex applications based on smart contracts, interoperability, and composability; SUI token holders: can choose to delegate their tokens to validators and participate in the Proof of Stake mechanism (POS). SUI owners also have the right to participate in Sui governance: Validators: perform transaction processing and execution on the Sui public chain.
Let’s look at SOL:
Founded in late 2017 by former Qualcomm, Intel, and Dropbox engineers, Solana is a single-chain delegated proof-of-stake protocol that focuses on providing scalability without sacrificing decentralization or security. At the heart of Solana's scaling solution is a decentralized clock called Proof of History (PoH), which is designed to solve the time problem of not having a single trusted source of time in a distributed network. By using a verifiable delay function, PoH allows each node to generate a timestamp locally using a SHA256 calculation. This eliminates the need to broadcast timestamps across the entire network, improving overall network efficiency.
SOL is the native token of the Solana blockchain. Solana uses a delegated proof-of-stake consensus algorithm to incentivize token holders to validate transactions. As part of Solana's security design, all fees are paid in SOL and burned, reducing the total supply. This deflationary SOL mechanism incentivizes more token holders to stake, thereby improving network security.
At first glance, SUI is a rising star, and there are a lot of topics about it. Many people are looking forward to its performance. Recently, it has also gone out of the unilateral market and has risen strongly. However, SOL is not as good as before, and is slightly weak. Now it follows the rise and fall of the market.
But is SUI really better than SOL? Let’s take a look at the return on investment:
As can be seen from the figure, the SUI return rate is 1800%, 20 times the currency
SOL is amazing. The return rate from the lowest point to the highest point is 64422%, which is a hundred times the coin.
But SUI is a rising star, and the rate of return alone cannot prove anything, but we can't underestimate SOL, the "ETH killer" is not exaggerated. If you ask me which coin to buy, if you hold it for the long term, I suggest you choose SOL and buy it on dips. If you hold it for the short term, choose SUI.
In my opinion, it is not surprising that Sui has become the fiercest competitor of SOL. Sui's ambitions must be more than that. In short, each has its own advantages. If you still can't make up your mind and don't know which one to buy, you can observe and discuss it together.
