According to Odaily Planet Daily, analysts at K33 Research speculated in a research report on September 18 that Solana may be the top L1 network second only to Ethereum at present, but the Sui network may eventually compete with it.

David Zimmerman, DeFi analyst at K33, said Sui’s performance relative to Solana, combined with its architecture and upcoming console release, could make it a top contender among “alternative L1s.”

“Solana has often vie for attention in the L1 wars, but SOL/ETH is up 6% since August, while SUI/SOL is up 115% over the same period,” Zimmerman said.

While he acknowledged that much of Sui’s recent outperformance could be attributed to wider “mispricing”, he said Sui “certainly” had the right factors in place to support recent price gains.