According to David Zimmerman, a DeFi analyst at K33 Research, Sui (SUI) is rapidly emerging as a strong competitor to Solana $219 (SOL). Zimmerman claims that Sui’s architecture and an upcoming game console could set it apart among alternative Layer-1 solutions. While Solana has managed to draw attention in the Layer-1 battle recently, the SOL/ETH trading pair has only seen a 6% increase since August. In contrast, the SUI/SOL trading pair has surged by an impressive 115% during the same period.
The Rise and Future of Sui
Zimmerman noted that Sui’s recent performance might have resulted from “mispricing.” However, the analyst emphasized that there are solid factors supporting the increase in Sui’s price. Indeed, Sui’s noteworthy value gain against Solana in such a short time indicates growing investor interest in the altcoin.
One of the key factors enhancing Sui’s competitive edge over Solana is its technical architecture and upcoming product launches. Particularly when the game console is launched, Sui is expected to further improve and expand its user experience and ecosystem, making it a more attractive option for investors.
Key Differences Between Solana and Sui
Solana has long held a significant position among Layer-1 projects, particularly noted for its high transaction speed and low costs. However, Sui seeks to go beyond just speed and cost efficiency, aiming to provide innovative solutions within its ecosystem. Its focus on diverse areas, such as the gaming sector, suggests that Sui could effectively compete in domains where Solana has been strong.
Currently, SUI coin is trading at $1.38 with a 15.54% increase in the last 24 hours, while SOL coin is priced at $138.05 with a 5.38% increase.