A report from Grayscale Research points to potential competition between Sui blockchain and Ethereum, highlighting Sui's ability to capture market share with high throughput and low transaction fees.
The Future of Sui Coin
Grayscale highlights that Sui operates without the need for additional scaling layers, offering a more efficient network experience, distinguishing its performance in fees and transaction speeds, although Sui occupies a different position given Ethereum's substantial market value.
Comparing Sui and Ethereum
Analysis indicates that Sui's fully diluted value is approximately $25.9 billion, while Ethereum's value stands around $242.9 billion. Sui's Total Value Locked (TVL) is about $830 million with a market value of approximately $1.8 billion. This suggests Sui's TVL/market value ratio is lower compared to its competitors.
Sui's Market Potential
The report emphasizes that Sui's advanced technical infrastructure could contribute to broader application areas. The data assists users and market analysts in assessing the potential of innovative blockchains like Sui in the current market conditions.
Grayscale’s research provides analytical data on Sui blockchain’s ability to compete with Ethereum, highlighting its technological advantages in current market conditions and potential influence on user preferences in the future.
