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topicnews · October 2, 2024

Expert sees the coin as the next Solana

Expert sees the coin as the next Solana

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Two of the most interesting cryptocurrencies for the next bull market are Solana and the newcomer Sui, which experts are already calling the next SOL coin. Because Solana has lost almost 67% of its value compared to Sui since the end of July. In the following article you will find out what makes Sui so special and gives him a great opportunity.

Grayscale crypto expert highlights Sui’s potential

In a video, Rayhaneh Sharif-Askary, head of products and research at asset manager Grayscale, talked to Eman Abio about the Sui blockchain. Among other things, the groundbreaking potential of the network for various industries was discussed.

High scalability of Sui

Like Solana, the blockchain is characterized by its High speed, low fees and huge functionality out of. In contrast to the old-fashioned chains, both achieve this through one parallel processing of transactions significantly greater efficiency.

Contrary to the claims of some analysts, the SOL chain is not strictly linear. Instead, parallel transaction processing is also possible, provided that there are only read-out accounts and write accesses without conflicts.

However, with the help of Sui’s object-oriented approach, even more parallel processing of the data should be possible. Because each object is treated as a separate instance, this can lead to even greater efficiency.

While Sui reportedly up to 297,000 TPS Should come, Solana will have 65,000 TPS. However, Sui registered currently only 48 Transactions per second, most recently on the SOL Chain there were 2,934. In addition, there are Firedancer on Solana up to 1.2 million possible.

Sui acts as a coordination layer for the various user actions. In contrast, with the old blockchains, values ​​such as cryptocurrencies are transferred. Other than this, Sui Exchange both data and values ​​at the same time. In this way this can be the case Reduced scaling problems of other chains become.

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Object-oriented programming language from Sui

The Sui chain uses the Move programming language from Meta’s Libra project. This is why the blockchain works object-orientedwhereby everything in this system is treated as an object. This means that no smart contracts are required to monitor ownership rights.

This should be one for her again Greater security lend. Another advantage is that operations within the network can be carried out more quickly. In addition, you can Millions of processes coordinated simultaneously was the blockchain more attractive for different use cases might.

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Low latency from Sui

Like Solana, Sui has since Mysticeti a particularly lower latency. So she’s in line less than 390 ms below the approximately 400 ms of SOL. Both are significantly better than Bitcoin with 10 minutes, Ethereum with 12 seconds, XRP with 3 to 5 seconds, Cardano with at least 30 seconds and Aptos and Kaspa with 1 second each.

Accordingly, the blockchain could Be particularly in demand in areas where high speed is important. These are, for example, faster trading robots or the gaming sector, but other projects can also benefit from a better user experience.

Because, in addition to a few other factors, they have Ethereum’s scaling problems led to a migration of users, developers and investors to other chains. This has been one of the main reasons for the growing network activity on Solana, whose chain has already overtaken Ethereum in some metrics.

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Founding of Sui and Solana

Solana was launched around four years ago and the blockchain has therefore been able to develop significantly better. However Catch up quickly and Sui has now reached more than 90 projects and 53 coins.

The TVL of the two blockchains is also corresponding. While Solana is currently already up $5.5 billion comes, at least Sui already has them $1 billion. Thus The newcomer was quickly able to move to seventh place in the blockchains after TVL. The chain increases this over the past month by 66.24%, while for Solana it was only 17.57%.

Sui has already been able to convince some well-known game developers of its blockchain and also for Solana a games console bring to market. Gaming partners include Netmarble, NHN and NCSoft. This achievement is even more impressive given that the chain was only launched around a year ago. Besides, there is one ETP for Sui in Europe and a trust from Grayscale, while an ETF for Solana is already scheduled to appear in Brazil.

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Conclusion: Is Sui the next Solana?

Experts like David Zimmermann from K33 Research also recognize the potential in SuiHowever, he also warns that the In addition to expectations of future developments, the coin’s strong price development can also be attributed to incorrect pricing. A lot of optimism has already been priced into Sui, which could encourage temporary corrections.

Despite it The hype is likely to outlast the bull market and could make Sui one of the most profitable L1 coins. Likewise, Solana and Kaspa are among some of the most promising candidates in this area this year.

Ethereum should not be forgotten, whose scaling solutions compensate for the disadvantages. Supports the Improving the interoperability of these, as pursued by Ethereum co-founder Vitalik Buterinthe current market leader could regain importance.

Pepe Unchained (27)

Especially the new one Layer-2 $PEPU may give the ETH coin a bigger boost again. Because the memecoins were the crypto sector this year, which pushed Ethereum, Solana and other chains to the overload limit due to high demand.

While activity has shifted mainly to Solana due to its attractive conditions, this is now set to change with the optimized and useful version of Pepe. Because this project develops a Full Memecoin ecosystem with special conditions and toolswhich are set to usher in a new era for the sector.

The concept could be like the memecoin launch platforms before Arouse interest from L1 developers like Vitalik Buterin. With funding it could rise quickly and sharply, as has been seen with other projects before. Die Developer grants and a series of announced Tier 1 listings could further intensify this development of the popular crypto presales.

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