Has Sui got what it takes to slay SOL?
This is the Solana versus Sui face-off that many have been asking for.
I guarantee this will be a unique piece as it is the most thorough and in-depth analysis of two cryptocurrencies you have ever encountered. I have been working on this since I was in Singapore and am about to share a treasure trove of data and conduct an exhaustive analysis empowering you to draw your own informed conclusions.
The ultimate goal for me of this deep dive was to create a comparative relative valuation between these two assets to see if one is superior in value.
This Face Off of SUI versus SOL is between two Layer 1.
Developers use layer one chains to build applications such as decentralized finance applications or decentralized applications (dApps).
When I first started investing in ETH, I began looking for the ETH killer. I found it in Solana.
The last time I analyzed Sui, it was nowhere near where it is today. Things have come a long way.
From the SUI Blockchain Explorer, the chain is running at 28 transactions per second.
This is down a bit and is running around 51 on average.
Solana runs at about 2,500 and up to 3,500 transactions per second.
I will not talk about all the press releases because if I did I would be here for the end of time but we are going to use data to see if we find a winner with data.
Surprisingly, the Nakamoto coefficient for SUI is actually really good.
It has come a long way, reaching 16.
Solana has a Nakamoto coefficient of 18, which is down from the last time I checked when it was at 21. The average or median for all smart contract platforms for Nakamoto is 7.
Solana is the slight winner here.
SUI is half a second and Solana is 0.4 of a second. Solana has the edge here in block time but Sui has the edge at half a second in finality. Therefore, Sui wins that one by a pretty big margin.
We have to see the impact of the new validators on Solana around finality going forward, as we do not have that data yet.
According to our information, the theoretical max TPS for SUI is 618,000.
For Solana, it is 303,000. The other true theoretical max TPS is 297,000 for SUI and 710,000 for Solana. Those two numbers are changing very radically right now with Fire Dancer, which goes north of a million TPS for Solana.
Remember, all of this stuff is
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