tl;dr
Solana (SOL) and SUI are both gaining attention in the crypto market, but Solana currently outperforms SUI. Solana has seen stronger institutional investment, with $6 million inflows in early May versus SUI’s $0.3 million, and $80 million versus $72 million year-to-date. Solana dominates DeFi with a...
Solana is currently outperforming SUI in the crypto market despite perceptions of close competition. Institutional investment has returned strongly to Solana, with significantly higher inflows than SUI. SUI shows notable growth in DeFi total value locked (TVL) but remains behind Solana’s dominant position and transaction volume. Solana leads in net new capital flows and active user metrics, while SUI is still early in its institutional adoption. Solana is likely to have a Solana ETF approved before a SUI ETF, further boosting its market position.
Both SOL and SUI have seen moderate recent price gains, but Solana’s dominance and institutional backing suggest SUI is unlikely to surpass it soon.
Solana (SOL) and SUI have both gained attention, but Solana currently outperforms SUI. Institutional investment highlights this: Solana had $6 million inflows in early May versus SUI’s $0.3 million, and year-to-date inflows of $80 million compared to SUI’s $72 million.
Solana dominates DeFi with $9.38 billion TVL and $35 billion in decentralized exchange transactions since May, while SUI’s TVL grew 76% to $2 billion. Experts note Solana’s established ecosystem and institutional backing give it an edge, though SUI shows promise with innovative technology and growing interest. Solana may also be ahead in gaining regulatory approval for ETFs. Price-wise, SOL rose 22% recently, trading near $176, while SUI increased 26%, trading around $4.13. Despite SUI’s gains, Solana’s dominance suggests SUI is unlikely to surpass it soon.
Institutional flows: In the week ending May 3, Solana saw $6 million inflows versus SUI’s $0.3 million. Solana leads year-to-date with $80 million against SUI’s $72 million. The influx of institutional capital into Solana reinforces its top contender status in blockchain. SUI’s growth reflects interest in scalable, technically differentiated blockchains, with backing from major players signaling long-term potential.
DeFi growth: SUI grew its TVL by 76% to $2 billion from April 12 to May 12. Solana saw a 40% increase to $9.38 billion TVL during the same period. Solana remains dominant with $35 billion in decentralized exchange transactions.
Solana’s established presence in DeFi gives it an advantage in adoption and usage.
Expert insights: Solana leads with 300 million daily transactions and over 4 million active addresses. SUI is attracting institutional interest but is still early in its growth and validation stages. Solana may also win the race to ETF approval as the SEC reviews multiple spot SOL ETF applications with decisions expected by early October. Solana futures ETFs are already trading in the US, indicating regulatory comfort with SOL-based products.
Price performance: SOL has risen 22%, trading near $176, but faces resistance near $180 needed to reach $200. SUI increased 26%, trading around $4.13, attempting to hold $4.05 support. Failure to hold this level may challenge further growth. Despite SUI’s promising performance, Solana’s institutional backing and DeFi leadership suggest it remains the dominant player unlikely to be surpassed soon.