SUI could soon be Solana’s fiercest competitor, says K33 Research
Sui’s technical capabilities and the upcoming release of a native gaming console could see the network eventually rival Solana, but tokenomics pose a looming threat.
Solana may be the top alternative layer-1 network next to Ethereum right now, but the Sui Network could eventually rival that position, speculates analysts from K33 Research.
In a Sept. 18 research note, K33’s DeFi analyst David Zimmerman said that Sui’s performance relative to Solana, combined with its architecture and upcoming game console release, could make it a top contender among “alt L1s.”
“Solana often steals the focus in the L1 wars, but while SOL/ETH has gained 6% since the August open, SUI/SOL has rallied 115% in the same period,” said Zimmerman.
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Author: Tom Mitchelhill
