Solana Vs Sui!! Which One Is BEST In 2024?! Crypto Comparison!
Published: 2024-10-13
Status:
Available
|
Analyzed
Published: 2024-10-13
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Solana's Fire Dancer validator client rollout, which began last month, is expected to finish next year, marking the completion of Solana's development.
"Solana will be considered complete once its Fire Dancer validator client has been rolled out and this roll out began last month and is expected to finish sometime next year."
Pending
FTX's remaining 41 million SOL tokens were sold in March of this year with a 4-year vesting schedule, which is expected to have a minimal impact on SOL's price for the next 2-3 years.
"the FTX bankruptcy estate managed to sell its remaining 41 million sold to investors over the counter or OTC in March of this year and although these OTC sales were made at a really steep discount of almost 70% they did come with a 4-year vesin schedule which should have a minimal impact on Souls price for the next 2 3 years"
Pending
Miston Labs repurchased FTX's entire Sui allocation for $96 million in April 2023.
"Miston Labs managed to buy back Ftxs entire sui allocation for 96 million in April 2023"
Pending
Solana is developing two additional validator clients, which will bring the total to five, matching Ethereum's number of validator clients.
"it seems that two additional validator clients are also in the works and this would bring the total number of validator clients to five which is actually on par with ethereum"
Pending
The Misty setti upgrade has reduced Sui's transaction finality to 390 milliseconds, making it technically faster than Solana, whose finality time is up to 12 seconds.
"Misty setti reduced sui's transaction finality to 390 milliseconds a single block and given that Solana's finality time is up to 12 seconds this technically makes sui faster than salana at least for now"
Pending
Sui's full node count has decreased significantly, falling below 500 earlier this year and possibly even lower according to recent observations.
"earlier this year sui had fewer than 500 of them in our last sui update in August we noted that the full node count had actually been scrubbed from one of its explorers suggesting that it had actually Fallen even lower"
Pending
Solana's initial supply of 500 million SOL was distributed with 60% to investors, 20% to the team, and 20% to the Solana Foundation. Its vesting schedule was aggressive, with 90% in circulation by January 2021 and 100% by December 2022.
"Soul had an initial supply of 500 million which was distributed as follows around 60% to investors 20% to the team and 20% to the salana foundation I'll note that some sources suggest slightly different allocations but it seems that all of them are on the same page when it comes to Soul's vesting schedule as you can see Soul had a ridiculously aggressive vesting schedule with 90% of its initial Supply entering circulation in January 2021 and 100% of his initial Supply being in circulation by December 2022"
Pending
Despite an aggressive vesting schedule and high inflation, Solana's price action has been unaffected. Early investors, who bought at around $0.22, have seen a 650x return.
"Soul's aggressive vesting schedule and high inflation rate have had next to zero effect on its price action with an Ico price of around 22 cents according to Ico analytics early Soul investors are up a staggering 650 times on their investment at the time of shooting"
Pending
Solana is predicted to follow Ethereum's cycle pattern, potentially reaching a market cap of $550 billion, which translates to an eight-fold increase or a price of around $1,100 per SOL at the cycle top.
"when it comes to Soul's long-term potential we believe it's possible that soul is follow in e one cycle behind and this would mean Soul hitting a market cap of around 550 billion with a current market cap of around 70 billion this would translate to a gain of roughly eight times or a so price of around $1,100 at the cycle top"
Pending
Sui has a maximum supply of 10 billion tokens, distributed as 50% to community reserves, 20% to early contributors, 14% to investors, 10% to Mysten Labs, and 6% to early participants.
"sui has a maximum supply of 10 billion which was distributed as follows 50% to community reserves which includes stake in rewards 20% to early contributors 14% to investors 10% to miston labs and 6% to early participants"
Pending
Sui's ICO price was approximately $0.10, meaning early investors have seen about a 20x return.
"according to Ico analytics so sui's Ico price was around 10 cents which means that early investors are up only around 20 times"
Pending
Sui is predicted to follow Solana's cycle pattern, potentially reaching a market cap of $70 billion, a 12x gain or approximately $24 per SUI at the cycle top. Factoring in vesting, this is closer to a 10x return.
"when it comes to sui's long-term potential we believe it's possible that sui is following Soul one cycle behind and this would mean it hitting a market cap of around 70 billion with a current market cap of around 5.5 billion this would translate to a gain of roughly 12 times or a Suey price of around $24 at its cycle Top Just note that it'll probably be closer to $20 when you factor in the additional vesting so a 10x"
Pending
Solana has approximately 2,900 monthly active developers, representing over 10% of all active developers in the cryptocurrency space.
"Electric Capitals developer report notes that salana currently has around 2,900 monthly active developers accounting for more than 10% of all monthly active developers in all of crypto which is not bad at all"
Pending
The second version of Solana's phone reportedly received over 140,000 pre-orders as of September.
"see the second version of its phone reportedly had over 140,000 pre-orders as of September"
Pending
Sui Wallet and Suie (browser extension wallets) have collectively surpassed 1 million downloads.
"the sui wallet and suet which are sui's most popular browser extension wallets collectively have over 1 million downloads"
Pending
Sui reportedly has over 5 million monthly active wallets, which is surprising considering its DeFi protocols have only a few hundred thousand active users.
"the sui scan Explorer notes that sui also has over 5 million monthly active wallets which is surprising particularly given that sui's defi protocols only have a few hundred thousand active users"
Pending
Over 2,000 units of Sui's handheld gaming device, the Sui Play 0x1, were pre-ordered within its first two weeks.
"the sui play 0x1 a September post from suie play on X notes that over 2,000 devices had been pre-ordered in its first two weeks"
Pending
The rollout of Solana's Fire Dancer client is expected to improve blockchain stability, but it may also introduce new technical issues.
"it's hoped that the roll out of the fire dancer client will make its blockchain more stable but it could also introduce additional technical issues"
Pending
Developing on Solana has historically been described as very difficult, likened to 'chewing glass'.
"building on salana has in the past been likened to chewing glass given that it's supposedly quite difficult"
Pending
The similarity between the Move programming language and Rust poses a threat to Solana, as Rust-based developers may migrate to Move chains like Sui.
"the move programming language happens to be similar to rust and this presents a threat to salana as it's rust based developers could begin migrating to move chains such as sui and some of them actually already have"
Pending
Solana's user-friendliness, largely attributed to the Phantom wallet, has been a key advantage.
"the main thing that's given salana an edge so far is that it's incredibly userfriendly and you can of course thank the Phantom wallet for that"
Pending
Move-based blockchains, including Sui, have experienced vulnerabilities, and this is expected to continue.
"move based blockchains experienced a vulnerability in May last year it was the first and it won't be the last"
Pending
Aptos is considered an 'onshore' crypto due to its strong ties with institutions in the US and EU, exemplified by Franklin Templeton's launch of a tokenized money market fund on Aptos.
"Aptos seems to be an onshore crypto meaning that it has closer relationships to institutions in places like the US and the EU a Franklin Templeton recently launching a tokenized money market fund on Aptos is one of the many data points to suggest that Aptos is an onshore crypto"
Pending
Sui is perceived as an 'offshore' crypto, with stronger connections to institutions in Asia and the Middle East, as indicated by its partnership with a subsidiary of B Dan for gaming and social applications.
"conversely sui seems to be an offshore crypto meaning that it has closer relationships to institutions in places like Asia and the Middle East sui partnering with one of B Dans subsidiaries for game fire and social fire in April is one of the many data points that suggest sui is an offshore crypto"
Pending
Significant investment, potentially hundreds of millions or billions of dollars, was made by Facebook into the development of Libra (later Diem), laying groundwork for Sui.
"it's easy to forget that the story of sui it doesn't start with M and Labs lots of work had been put into it already chances are that Facebook allocated hundreds of millions if not billions of dollars to building out Libra and wrestling with Regulators to try and launch it after rebranding to DM"
Pending
The object model enabled by the Move programming language, which Sui's team is developing, opens up new use cases and positions Sui to capitalize on the next generation of crypto.
"the object model made possible by move opens the door to a new universe of use cases that crypto developers have yet to conceive with sui's Team working on move this puts it in the perfect position to capitalize on this next generation of crypto"
Pending
The majority of Solana's supply has vested, and current holders are long-term believers in its potential.
"most of Souls supply has already vested and by this point its Supply is mostly held by investors who believe salana has really long-term potential"
Pending
Solana demonstrates significantly higher institutional (e.g., Visa) and retail adoption compared to Sui.
"salana has had exponentially more Integrations with institutions like visa and has so far seen exponentially more retail adoption than sui"
Pending
The Phantom wallet's $109 million funding round to enhance user experience has positively impacted Solana's adoption.
"the fact that its Phantom wallet raised $109 million to improve ux that also helped a lot"
Pending
Holding both Sui and Solana is viewed as a hedge strategy, where the success of one can benefit the other, with the exception being if both experience critical issues simultaneously.
"if one suffers the other will benefit by holding both we win no matter the outcome unless suie and soul both experience critical issues at the same time"
Pending