Will SUI be the next Solana?

SUI has the potential to be a major competitor to Solana. It features an innovative architecture, smart contract support, and the ability to process up to 297,000 transactions per second, which is significantly higher than Solana’s capacity. Furthermore, SUI has shown impressive growth, with its value increasing by 115% between August and September 2024, outpacing Solana’s gains.

However, it is important to note that SUI still faces challenges, such as tokenomics, with only 27% of the total SUI token supply in circulation, which could lead to major price drops when future unlocks occur. Furthermore, Solana continues to be one of the leading alternative networks to Ethereum, with an established user base and a variety of decentralized applications.

In summary, while SUI has the potential to be a major competitor to Solana, it is still too early to say whether it will become the next Solana. It is important to continue monitoring the development of SUI and Solana to better understand their future prospects.