The post Why Sui Is Outshining Solana in Crypto Capital Inflows appeared on BitcoinEthereumNews.com.

Sui’s capital inflows reach $737.6M, showing rapid growth and strong competitiveness among alternative Layer 1 blockchains. Sui’s social interactions hit record highs, indicating increased market interest and adoption in the blockchain ecosystem. This year, the Sui blockchain has emerged as a prominent player in the crypto industry, attracting huge capital inflows and garnering attention from analysts and traders. According to Jamie Coutts, Chief Crypto Analyst at Real Vision, Sui’s net flows will reach a remarkable $737.6 million in 2024, ranking second among alternative Layer 1 blockchains just behind Solana’s $1.1 billion. #Crypto capital flows are favouring #Sui Sui’s net flows this year hit $737.6M, 2nd highest among Alt-L1s after Solana’s $1.1B. On a relative basis Sui’s inflows are 18% of its market cap, while Solana’s are 2%—a 9x difference! Ethereum leads outflows across the crypto… pic.twitter.com/XRNAZ537k3 — Jamie Coutts CMT (@Jamie1Coutts) September 25, 2024 Sui Capital Inflows Signal Growing Confidence and Competitiveness  What makes this even more impressive is that Sui’s inflows account for 18% of its overall market capitalization, compared to Solana’s 2%—a 9x difference between the two networks. This comparison demonstrates how capital is substantially favoring Sui over other competitors, indicating that there is growing confidence in the Sui network’s long-term potential. Ethereum, on the other hand, has seen net outflows, with a large chunk of its money going into Layer 2 solutions. Despite this trend, some of this capital has found its way into other Layer 1 networks, with Sui being the primary receiver. An amazing 92.9% of Sui’s inflows have come from Ethereum, with Solana accounting for 5.3%. Net capital flows in a blockchain network are analogous to a country’s capital account; greater inflows indicate increased competitiveness and confidence in the network, just as capital markets reflect a country’s economic strength. Coutts even used an analogy…

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Filed under: News - @ September 28, 2024 6:17 am