Sui blockchain (Sui) has made a splash with its technical innovations, but is it the next “ Solana killer”? Industry experts assess the relative strength of both platforms.
Solana 's current community offers certain advantages, but we shouldn't be complacent.
Sui – “The Destroyer Solana”
Sui and Solana are both layer 1 blockchains that are making waves in the crypto space, albeit with very different characteristics. Solana is one of the largest Cryptoasset today, with rumors suggesting it could be a candidate for a third Spot ETF. Sui , on the other hand, is a younger blockchain that aims to compete with Solana on some of its most attractive features.
Sui has been called the “ Solana killer” due to its sharp development team and growing capabilities, but general opinion is mixed. For example, Guy Turner from the Coin Bureau podcast said that Sui “meets the criteria for a cryptocurrency that retail investors can get into.” However, he also added that “demand is not trending in the right direction, which spells trouble for Sui’s price.” A quick look at Reddit reveals strong skepticism from community members. But what about prominent developers?
Chirp CEO Tim Kravchunovsky surprised the community in July when he chose Sui over Solana to build Chirp’s DePIN infrastructure. In an interview, he claimed that Solana ’s number of failures caused his team to rethink.
Sui hasn't experienced the same explosion in popularity as Solana, to be sure. However, the young protocol clearly has some technological advantages that prompted Kravchunovsky's choice.
“Solana seems to be struggling to handle its own growth in popularity. That’s a ‘red flag.’ In an ecosystem as rapidly innovating as blockchain, there will always be innovative developments that improve upon existing products and surpass them. We believe Sui is exactly that – a Solana 2.0, if you will. I would have no hesitation in recommending Sui as a top choice for a robust and scalable network,”
Kravchunovsky said.
Raoul Pal, CEO and founder of Global Macro Investor, Chia these optimistic views. Palpointed to several positive trends in Sui’s recent performance. Most notably, he pointed to how Sui has managed to grow in a stagnant market, stating that “relative strength in a sideways market is worth paying attention to.”
Sui's price performance . Source: Raoul PalSolana has a better user experience
Not everyone is convinced by the supposed technical benefits, however. A weekly newsletter from 21Shares pointed out that Solana ’s user base is much more stable now. “ Sui ’s traction is largely driven by spikes,” but “Solana has seen much more consistent growth in active addresses.” Sui may have boasted some impressive periods of user growth, but they have all stagnated or fizzled out. Solana has seen more consistent growth.
Kylebuildsstuff also talked about the benefits of Sui from a developer’s perspective. He stated that he likes Sui based on his experience and said that it has raised the bar for developers in the same way that Solana raised the bar for affordability and gas prices. However, that alone is not enough to make it a “ Solana killer.”
“Sui will not replace Solana because using Solana is not bad, the current user experience on Solana is actually better in my opinion. The ecosystem is much more mature and the products reflect that. Users don't care about the underlying technology. They care about things that make their lives better,”
Kylebuildsstuff claims.
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