Can Sui’s Price Rally Dent Solana’s Dominance? Analysts Say Not Anytime Soon
The post Can Sui’s Price Rally Dent Solana’s Dominance? Analysts Say Not Anytime Soon appeared on BitcoinEthereumNews.com.
Solana (SOL) and SUI have both garnered significant attention in the crypto market, sparking discussions about their competition. While both crypto projects show promise, the reality is that Solana is currently outperforming SUI. Despite the hype, they may not be in as close a competition as the market perceives. Solana Wins The Instituions Back Solana has regained strong institutional interest, signaling a positive shift for the “Ethereum killer.” While April was a slower month for SOL, institutional investors have returned with renewed confidence in May. In the week ending May 3, Solana saw $6 million in inflows, compared to SUI’s $0.3 million. Furthermore, SOL has overtaken SUI in year-to-date (YTD) flows, accumulating $80 million compared to $72 million for SUI. Solana and SUI Instituional Flows. Source: CoinShares The influx of institutional capital into Solana reinforces its standing as a top contender in the blockchain space. However, SUI’s growth cannot go completely overlooked either. Alvin Kan, COO at Bitget Wallet, discussed the reason behind the surge in interest in SUI with BeInCrypto. “The recent uptick in institutional inflows to SUI appears to reflect growing interest in scalable and technically differentiated blockchains. With high throughput capacity, a novel programming language like Move, and expanding use cases such as Bitcoin restaking via SatLayer, SUI offers infrastructure that aligns with long-term investment theses. Backing from players like Franklin Templeton and Grayscale suggests this may be more than a short-term trend.” On the other hand, SUI has made notable strides in the DeFi space, outpacing Solana’s growth over the past month (April 12 to May 12). SUI saw a remarkable 76% increase in total value locked (TVL), reaching $2.0 billion. In comparison, Solana experienced a 40% increase, bringing its TVL to $9.38 billion. Despite this, Solana remains the dominant platform in the DeFi space, having…
Filed under: News - @ May 12, 2025 9:28 am