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Sui as Ethereum’s Biggest Challenger, Says Grayscale

  • Grayscale Research identifies Sui as a strong contender to challenge Ethereum's dominance in smart contracts.
  • Sui can process high transaction volumes at minimal costs without additional scaling layers, unlike Ethereum.
  • Sui has a fully diluted valuation of $25.9 billion and has rapidly accumulated $830 million in Total Value Locked (TVL) within a year.
  • With growing adoption and efficient transaction model, Sui could become a major competitor to Ethereum, according to Grayscale.

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