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Sui vs Solana: Can Sui Pass the Retail Leader?
- Sui and Solana are both layer 1 chains, but Sui has a different technical setup compared to Solana.
- Sui has its programming language, Move, which gives it an object-centric nature, meaning that you don’t need smart contracts to track ownership.
- Sui’s architecture includes parallel transaction execution, which allows it to process many transactions at the same time, making it faster compared to linear standards like Solana.
- Sui’s Mysticeti upgrade has reduced transaction latency to 390 milliseconds, giving it a theoretical 297,000 TPS.
- Solana has an established ecosystem with around 2000 coins and more projects. In contrast, Sui, as the newer kid on the block, has almost 90 projects in its ecosystem.
- Solana has a thriving DeFi and meme coins ecosystem, while Sui's DeFi ecosystem is small but has grown rapidly.
- The current $SUI price is $1.80 with a market cap of $4.5 billion, while $SOL has an unlimited supply with a market cap of $70.9 billion.
- Although Sui won’t be dethroning Solana during this bull run, it may well be the Solana during the 2021 bull run.
- Nonetheless, Sui has the potential to enter the top 20 measured by market cap and even the top 10.
- Sui is young and has much potential to grow, but it still needs to prove itself.
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