Is Sui the next Solana? Comparing their growth and DeFi presence reveals… – BitRss

• Sui makes for a good case study across various performance metrics when compared to the likes of Solana
• DeFi performances have been among the driving forces behind both

Sui network has arguably been one of the fastest growing blockchains over the last 12 months. In fact, its performance draws parallels with Solana whose Web3 ecosystem has been quite explosive lately, especially with the memecoin culture.

However, just how does Sui stack up against Solana and could its performance signal what to expect in the next 12 months? For starters, Solana’s TVL was just below $250 million at the start of 2023. It has since seen parabolic growth, with the TVL soaring as high as $14.24 billion earlier in the week.

Sui too has been enjoying its exponential growth, from being $below $250 million to the TVL surging as high as $2.18 billion earlier this month.