I think the market has $SUI mispriced and undervalued for many causes, however here is what the knowledge say:
> Solana has ~$4.9B TVL
> Sui has ~$435M TVL
@Solana has 10x extra TVL vs. @SuiNetwork
> Solana’s market cap is $43.2B
> Sui’s market cap is $2.87B
That is a 15x distinction
The one variable that the majority results TVL and MC is the worth of the chain’s native asset
> Most of TVL sits in Stables or native asset
> Market cap is a instantly tied to native asset worth
The chain’s are additionally radically completely different in structure and tenure
Solana was based in 2017 and their mainnet went dwell in 2020 earlier than Sui was even round
Sui was based in 2021 by former Meta staff and the mainnet went dwell in Might 2023
They’re in numerous levels of their life cycle and development phase–not a optimistic or destructive factor, only a observe
The hole between TVL and MC will squeeze and shrink rapidly when:
> Sui’s ecosystem ramps up extra and liquidity flows
> $SUI token worth strikes again in direction of $2 – $3
> Agentic finance chooses Sui for free stablecoin Txs
I’m not saying one chain is healthier than the different. I commerce on each and have property on each
I additionally think the group will rally round one tradition venture and one among the largest causes I stay very optimistic for the way forward for @lofitheyeti 🥶
Backside’s in quickly
DCA to win
Imagine
