The post Can Sui Overtake Solana? appeared on BitcoinEthereumNews.com.

Since its mainnet launch in May 2023, Sui has quickly gained traction. What’s interesting is that it has already positioned itself as a serious competitor to Solana. By September 2024, Sui surpassed 1 million daily active addresses and locked in over $1.22 billion in total value locked (TVL). These impressive metrics place Sui among the top 10 blockchains by TVL, signaling strong DeFi adoption. While Solana boasts 4 million daily active addresses, Sui’s rapid growth within a short time frame suggests it’s swiftly catching up. Sui’s parallel transaction processing gives it a notable advantage in scalability and resilience. Scalability and resilience notably two areas where Solana has faced challenges, especially with network outages. While Solana remains a major player in the Layer-1 blockchain space, its scalability issues and network reliability concerns open the door for Sui to potentially overtake it in the future. Solana vs. Sui: A Head-to-Head Comparison Network Stability Solana: Has experienced multiple network outages, raising concerns about reliability. Sui: No major outages reported, thanks to its parallel transaction processing, offering better network resilience. Transaction Success Rates Solana: Reports higher transaction failure rates on platforms like Jupiter and Raydium, which can be costly for users. Sui: Designed to minimize failures through parallel transaction execution, providing more consistent transaction success. Transaction Per Second (TPS) Metrics Solana: Advertises high TPS, but actual performance averages around 250 TPS, sometimes inflated by including voting and failed transactions. Sui: Capable of handling up to 130,000 TPS, offering a more accurate reflection of transaction performance. Decentralization Solana: Faces validator centralization concerns, with a small number of validators controlling a significant portion of the staked supply. Sui: Promotes a more decentralized validator structure, making it harder for any single entity to control the network. Validator Accessibility Solana: High wealth requirements for validators, limiting participation. Sui:…

---

Filed under: News - @ October 3, 2024 3:28 pm