Sui and Aptos Compete for Next Solana Status
As Solana reaches new all-time highs, the race for the 'next Solana' intensifies, spotlighting two primary contenders: Sui and Aptos. Both chains, developed by teams with Facebook origins and leveraging the Move programming language, have gained traction in the current crypto cycle. Year-to-date, SUI has significantly outperformed APT in price and market capitalization since mid-September. Despite a brief outage, SUI quickly recovered its price. In total value locked (TVL), Sui and Aptos are closely matched, driven by active campaigns. Sui, with 44 active dapps, competes closely with Aptos's 49. Recent on-chain activity indicates a dramatic increase in Sui's DEX trading volumes, outpacing Aptos. Furthermore, Sui has generated $1.1 million in fees this October, compared to Aptos's $196,000. Both chains are also targeting traditional finance, with partnerships to support real-world asset implementations. Sui is investing in gaming hardware, while Aptos is moving towards a strategic hardware play. Both are showcasing ambitions to expand into real-world applications and increase ecosystem engagement.
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