We have seen so many Layer-1 contenders in the last few years “boasting” of fast speed, ease of coding, etc etc, however, none has really lived up to its expectations or managed to come close to the success of Ethereal and Solana.
That is until now. The SUI blockchain has proven to be the shining light and potential layer-1 to unseat both ETH and SOL. How is that possible? What are the merits of SUI that create such a lofty prediction?
First of all, let us look at the traction. A look at blockchain analytics Artemis console will show a very convincing growth trajectory. SUI’s TVL has been growing steadily and pretty fast to hit the $1 billion mark within months. Its DEX trading volume has surged in recent days and is a sign of an ever increasing number of developers jumping onto the SUI developers community
SUI is also building its game console that should herald mass adoption. History has shown that if there is one effective way to create a mass adoption of a new technology, it would be games. However, the ingress and player experience into blockchain gaming must no less be as smooth as playing those traditional games.
Behind every successful project is a very cohesive, diverse and talented team. We believe the SUI team (comprising of ex-Diem project members) has all the necessary skillset to bring this project to great heights!
These are just some of the key factors what the NewsFirstLine team loves about SUI. I am sure there are many other factors as well such as transaction speed, etc.
With so much going for SUI, one would be asking how high can SUI price go.
As of this writing, the market cap for SUI is at ~$10B. Compare this to Solana which is ~$100B (10x) and Ethereum at ~$375B (37x), I think the price of SUI has only one way to go.
Beyond the price estimates, the most important thing is to create a technology that is so easy to develop and so easy for end users to consume. We believe SUI fits this criteria and hopefully, would create the mass adoption for blockchain gaming that the entire crypto community has been hoping for since the beginning of this technology.
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