Solana Vs Sui!! Which One Is BEST In 2024?! Crypto Comparison!

when the crypto Market started recovering late last year salana took center stage in the eye of investors with many convinced that this so-called ethereum killer would be the top crypto of this cycle in recent months however the spotlight has been turning to sui a so-called salana killer whose Relentless rise is causing investors to question whether it may actually turn out to be the top crypto of this cycle and that's why today we're going to compare salana and suie across various metrics to determine which crypto is best and just how high each one could go if

you hold Soul or suie this is a video you can't miss I'll start by saying that nothing in this video is financial advice it's purely educational content made to inform you about the similarities and differences between salana and suie I'll also note that many members of the coin Bureau team hold both soul and suie including myself so rest assured that we'll be impartial in today's analysis if you're curious about which cryptos we hold and which ones we're personally considering a cumulating then become a member of the coin Bureau Club in addition to our portfolios and

watch lists members get access to weekly reviews of promising small cap cryptos daily crypto insights and realtime mark Market Alpha in our private Discord the link will be in the description now as with our previous comparison videos we'll be comparing salana and suie across five metrics or rounds if you will Founders and funding technology tokenomics and price potential adoption and challenges at the end of the video we'll see how they stack up and tell you which one we think is best so if you're excited for that epic matchup then be sure to smash that like

button to let us know and subscribe to the channel and ping the notification Bell as well so you don't miss our next altcoin comparison with all that said it's time for round one the founders and the funding now salana was founded by a former Qualcomm software engineer Anatoli yakovenko in 2017 Solana's original purpose was to be a decentralized competitor to centralized stock exchanges like the NASDAQ it has since pivoted to being a general purpose blockchain supporting multiple use cases such as deepen and payments salana was built by an American software company called salana labs and

its ongoing development is coordinated by the salana foundation which is a Swiss nonprofit sana's main net went live in March 2020 but it's still technically in development apparently Solana will be considered complete once its fire dancer validator client has been rolled out and this roll out began last month and is expected to finish sometime next year but more on that a bit later regarding funding salana raised around 25 million across various icos conducted in 2018 2019 and 2020 now salana raised an additional $314 million from Crypt VCS in June 2021 and this is significant because

post Ico funding is typically a sign that investors are extremely bullish about a crypto project but in Solana's case unfortunately all this funding turned out to be a source of fud and this is simply because FTX was one of the biggest investors in salana and its broader ecosystem following the collapse of FTX in November 2022 the salana foundation disclosed that around 58 million Soul had been sold to FTX and Alam research thankfully though the FTX bankruptcy estate managed to sell its remaining 41 million sold to investors over the counter or OTC in March of this

year and although these OTC sales were made at a really steep discount of almost 70% they did come with a 4-year vesin schedule which should have a minimal impact on Souls price for the next 2 3 years now as for suie it was technically founded by meta when it was still known as Facebook to refresh your memory Facebook tried launching its own digital currency called Libra in 2019 and after to rebranding to DM and trying and failing to appease Regulators around the world Libra was shut down in January 2022 shortly before Libra DM died the

team behind the project split into two to create their own crypto projects based on Libra's tech one team created Aptos and the other team created sui and this begs the question of what makes them different and one of the answers appears to be the team it appears that the team behind sui was responsible for creating Libra's core technology specifically move a new programming language and move was originally created by Sam blackshire and Sam is one of the five co-founders of miston labs which is the American software company that created the sui blockchain sui's ongoing development

is coordinated by the sui Foundation a nonprofit based in the Cayman Islands sui's mayet went live in May 2023 and it is also still in development the difference is that the work in progress also applies to the move programming language which M Labs is also working on in terms of funding sui raised almost $400 million across various icos conducted in 2021 2022 and 2023 naturally FTX was also a big investor in sui and held lots of sui tokens when it collapsed but thankfully though miston Labs managed to buy back ftxs entire sui allocation for 96

million in April 2023 all right time for round two the technology salana uses a proof of stake blockchain that's theoretically capable of processing up to 200,000 transactions per second per an interview with one of fire dancer's developers and this speed is made possible by a combination of key Innovations the most important of these is proof of History which is often mistaken to be solano's consensus mechanism in truth proof of history is just a part of Solana's proof of stake consensus and it essentially makes it possible for transactions to be timestamped so that they can be

processed in parallel another one of Solana's key Innovations is its block time of 400 milliseconds for context a crypto's speed is effectively determined by the number of transactions that can fit in a block and how fast each block is propagated on the blockchain Solana's 400 millisecond block time is therefore a big contributor to its speed the salana blockchain is currently secured by around 1,400 validators which makes it theoretically quite decentralized in practice salana transactions are processed by smaller clusters of validator nodes and Solana's full transaction history is also currently stored on Google bigtable which is

of course a centralized server salana Stak in rewards are currently around 6.5% for validators and delegators with a lockup period of roughly 3 days and with slashing enabled while there is no minimum stake to become a validator or delegator the hardware requirements to be a validator are quite high and rewards are proportional to stake but back to fired answer you'll recall that it's a new validator client that's currently being rolled out on salana and you can think of validator clients as the software that validators use to interact with the salon of blockchain before fire Daner

salana had two clients both of which were quite similar in terms of tech fire dancer uses different technology which is quite frankly outside the scope of this video but the main takeaway is that it will increase decentralization and speed and it seems that two additional validator clients are also in the works and this would bring the total number of validator clients to five which is actually on par with ethereum now sui it uses a delegated proof of stake blockchain that's theore basically capable of processing up to 297,000 transactions per second per a test it conducted

in April 20123 with a set of 100 validators and this speed is likewise made possible by a combination of key Innovations the most important of these is the move programming language which focuses on objects rather than accounts uh for reference most smart contract cryptos keep track of account balances by contrast move cryptos like SOI keep keep track of where objects are on the blockchain it's a brand new approach to crypto you can think of account-based cryptos as being analogous to using a card to pay it a grocery store and object-based cryptos as been analogous to

using one of those Amazon walkout stores the former keeps track of your account balance whereas the latter keeps track of the objects you're interacting with and yes I know that Amazon walkout stores turned out to be a bunch of workers in an Indian Outsource Center watching people on cameras but don't let's go overthinking analogies anyway sui's use of move and its object-based orientation makes it possible to do things that are impossible or very difficult to implement on account-based cryptos I can't give you any concrete examples because even crypto developers don't fully understand the possibilities of

this approach yet anyways another one of sui's key Innovations is one that was recently released and that's Misty setti now Misty setti reduced sui's transaction finality to 390 milliseconds a single block and given that Solana's finality time is up to 12 seconds this technically makes sui faster than salana at least for now but of course this comes at the cost of decentralization sui's blockchain is currently secured by just8 validators which makes it quite centralized and this low validator count is likely caused the minimum stake to become a validator is currently 30 million sui that's over

$60 million at the time of shooting fortunately there is no minimum SOI delegation and the unlock time is around a day unfortunately SOI Stak in rewards are currently only around 3.3% and there is also the risk of slashing not very good but back to centralization last year sui had thousands of full nodes storing its full blockchain history and earlier this year sui had fewer than 500 of them in our last sui update in August we noted that the full node count had actually been scrubbed from one of its explorers suggesting that it had actually Fallen

even lower to be fair sui is currently in the process of rolling out a decentralized storage solution called walrus which will presumably store its full blockchain history in a decentralized way however it seems there's still work to be done on the validator client side as sui's documentation suggests there's only one okay time for round three tokenomics and price potential now soul is the native cryptocurrency coin of the salana blockchain it's used for staking to pay for transaction fees and will be used for governance initially 50% of all transaction fees on salana were burned and soul

Burns were removed in May this year Soul had an initial supply of 500 million which was distributed as follows around 60% to investors 20% to the team and 20% to the salana foundation I'll note that some sources suggest slightly different allocations but it seems that all of them are on the same page when it comes to Soul's vesting schedule as you can see Soul had a ridiculously aggressive vesting schedule with 90% of its initial Supply entering circulation in January 2021 and 100% of his initial Supply being in circulation by December 2022 what's odd is that

most blockchain explorers note that not all of Soul's Supply is in circulation yet could be that FTX soul that was sold OTC in any case Soul had a fairly High inflation rate which began at 8% and will gradually fall until it hits 1.5% as a terminal rate sometime in 2031 and this added an additional 86 or so million to its total Supply bringing it to 590 or so million so you see on most explorers under total Supply incredibly though Soul's aggressive vesting schedule and high inflation rate have had next to zero effect on its price

action with an Ico price of around 22 cents according to Ico analytics early Soul investors are up a staggering 650 times on their investment at the time of shooting and so it's not even at its alltime highs when it comes to Soul's long-term potential we believe it's possible that soul is follow in e one cycle behind and this would mean Soul hitting a market cap of around 550 billion with a current market cap of around 70 billion this would translate to a gain of roughly eight times or a so price of around $1,100 at the

cycle top now as for sui sui is the native cryptocurrency coin of the sui blockchain it's used for Stak in to pay for transaction fees and will also be used for governance what's interesting is that sui transaction fees also include storage fees which can partially be Redeemed by deleting non-essential transaction data anyhow sui has a maximum supply of 10 billion which was distributed as follows 50% to community reserves which includes stake in rewards 20% to early contributors 14% to investors 10% to miston labs and 6% to early participants and I'll note that some sources suggest

slightly different allocations as you can see sui's vesting schedule is also quite aggressive but the biggest cliff already occurred back in May and the next Cliffs don't come until May 2025 and 2026 and they're barely visible notably vesting for investors ends on these two small vesting Cliffs with the other allocations unlocking four years later when you compare sui's vesting schedule to Soul it's a bit funny that everyone was freaking out about how sui's vest in cliff in May could crash its price in retrospect the crash in sui's price was due to nothing more than bad

market conditions the fud around sui's vesting Cliff was just a narrative after all it seems that sui's price hasn't rallied nearly enough for early investors to want to sell according to Ico analytics so sui's Ico price was around 10 cents which means that early investors are up only around 20 times it's safe to assume that they'd like a much larger return before cashing out when it comes to sui's long-term potential we believe it's possible that sui is following Soul one cycle behind and this would mean it hitting a market cap of around 70 billion with

a current market cap of around 5.5 billion this would translate to a gain of roughly 12 times or a Suey price of around $24 at its cycle Top Just note that it'll probably be closer to $20 when you factor in the additional vesting so a 10x and if you want to maximize those returns then check out the coin Bureau deals page it's got trading fee discounts of up to 70% and sign up bonuses op get this up to $100,000 on the best crypto exchanges you see these deals they won't be around forever so take advantage

of them ASAP using the link down below cool time for round four adoption Phantom Solana's most popular browser extension wallet has over 4 million downloads the soul scan Explorer notes that salana has 5 million monthly active wallets this is consistent with data from dap radar which notes 5 million unique dap users over the last 30 days Solana's defi protocols also have around $5 billion in total value loged or tvl according to defi llama making it the third largest blockchain by tvl after ethereum and Tron you'll notice that this figure has been holding quite steady since

the spring and this is likely a consequence of Soul's relatively choppy price action on the developer front Electric Capital developer report notes that salana currently has around 2,900 monthly active developers accounting for more than 10% of all monthly active developers in all of crypto which is not bad at all now I'd be remiss if I didn't mention the adoption of sana's saga phones FYI crypto Hardware could become a huge Narrative of this cycle and it seems that salana and suie are competing on that front too in Solana's case see the second version of its phone

reportedly had over 140,000 pre-orders as of September now as for sui the sui wallet and suet which are sui's most popular browser extension wallets collectively have over 1 million downloads uh the sui scan Explorer notes that sui also has over 5 million monthly active wallets which is surprising particularly given that sui's defi protocols only have a few 100,000 active users it's hard to say for for sure as dap radar currently doesn't track sui daps but this hundreds of thousand figure comes from another sui Explorer called sui Vision which reveals a peak of around 100,000 users

on sui's defi protocols over the last 30 days defi Lama notes that these defi protocols hold over $1 billion in tvl even though suis tvl statistic seems to be going up and to the right it's important to remember that most of the tvl gain is likely coming from the increase in sui's price that's occurred in recent weeks logically sui is the main crypto used in its defi protocols which of course causes their tvl to fluctuate with its price on the developer front electric capitals developer report notes that sui currently has around 1,100 monthly active developers

and this is impressive when you consider that sui's market cap is 12 times smaller than Sal's now I'd be remiss if I didn't mention the adoption of sui's handheld gaming device the sui play 0x1 a September post from suie play on X notes that over 2,000 devices had been pre-ordered in its first two weeks and this underscores the apparent discrepancies between sui's supposed adoption and its actual adoption okay time for the fifth and Final Round challenges now Solana's biggest challenge is probably its reputation now Solana's history with FTX seems to have put put off some

investors while its VC focused supply has put off others however the more practical reputation hurdle is Solana's reliability salana has become infamous for experiencing outages the most recent of which took place in February this year it's hoped that the roll out of the fire dancer client will make its blockchain more stable but it could also introduce additional technical issues at this stage salana cannot afford any more of either and this ties into Solana's Second Challenge and that's Development building on salana has in the past been likened to chewing glass given that it's supposedly quite difficult

and you'll recall that sui has a high developer count relative to salana and this has more to do with the difficulty of building on salana than the ease of building on suie on that note you should know that salana is coded in Rust and that the move programming language happens to be similar to rust and this presents a threat to salana as it's rust based developers could begin migrating to move chains such as sui and some of them actually already have soend AKA save being one example here and this relates to sana's third Challenge and

that's competition now sui is not the only salana killer out there there's also Aptos which you recall also uses the move programming language and some would argue that parallelized evm chains like monad and say are also salana killers and more about say in the description now with so much competition the stakes are extremely high for salana any outages technical issues or development hurdles could quickly result in Lost investment liquidity and of course Talent from our perspective the main thing that's given salana an edge so far is that it's incredibly userfriendly and you can of course

thank the Phantom wallet for that now as for suie its biggest challenge is probably development specifically the devel M of the move programming language and if you've been keeping up with our sui reviews you'll know that move based blockchains experienced a vulnerability in May last year it was the first and it won't be the last it's easy to forget that the team behind sui isn't just building sui M Labs is literally building a new standard of crypto development alongside it similarly to salana this makes the stakes very high because any critical bugs with mov tools

could not only break sui but other move-based chains too and this ties into sui's Second Challenge and that's narrative or rather the thing that sets it apart from other move chains particularly Aptos at first glance there's nothing that really differentiates suie and Os but of course when you dig deeper you realize there is a lot more however most investors focus on High level narratives rather than the nitty-gritty Tech and this challenge is is significant when you realize that institutional investors are likely to play a bigger role in this crypto bull market if you've been keeping

up with our ethereum reviews you'll know that the absence of a clear narrative has been a barrier to e institutional adoption sui could face this too and yet salana somehow seems to be hitting it off with all the institutional investors anyhow this relates to sui's third Challenge and that's competition sui isn't the only Solana killer and that presents almost as much of a challenge to sui as it does to salana other salana Killers like Aptos have the same amount of funding or even more and also seem to have other less evident advantages for instance Aptos

seems to be an onshore crypto meaning that it has closer relationships to institutions in places like the US and the EU a Franklin Templeton recently launching a tokenized money market fund on Aptos is one of the many data points to suggest that Aptos is an onshore crypto conversely sui seems to be an offshore crypto meaning that it has closer relationships to institutions in places like Asia and the Middle East sui partnering with one of B Dan's subsidiaries for game fire and social fire in April is one of the many data points that suggest sui is

an offshore crypto depending on what happens with crypto regulations around the world sui's apparent offshore status could make its competitors more or less attractive to investors and and users consider a scenario where Asian countries start cracking down on crypto and that would obviously be bad for soie and that's the ball gloves down and let's see who wins sui arguably wins the first round and that's just because it was initially funded and built by one of the largest tech companies in the world it's easy to forget that the story of sui it doesn't start with M

and Labs lots of work had been put into it already chances are that Facebook allocated hundreds of millions if not billions of dollars to building out Libra and wrestling with Regulators to try and launch it after rebranding to DM and this was probably a valuable experience that no other crypto project has had besides of Course Aptos which you'll recall also came from Libra sui also wins the second round and that's just because it leverages Cutting Edge crypto Tech and if you watched our recent RVE update you'll know that RVE founder Stanny k believes that the

move programming language is the future of crypto and he's not the only crypto OG who feels this way this is not surprising when you understand that the object model made possible by move opens the door to a new universe of use cases that crypto developers have yet to conceive with sui's Team working on move this puts it in the perfect position to capitalize on this next generation of crypto but salana arguably wins the third round and this is is just because most of Soul's supply has already vested and by this point its Supply is mostly

held by investors who believe salana has really long-term potential and this is not the case for sui where there's still lots of vesting left and lots of early investors waiting to cash out not only that but the potential returns for soul and sui are similar despite their difference in size eight times for soul and around 12 times for sui likely closer to 10 times when you factor in the additional besting it's safe to say that larger more established cryptos have a higher chance of hitting these targets than smaller less established ones salana also wins the

fourth round and that's just because it has objectively higher adoption than sui even if the numbers around sui's active wallets are accurate salana has had exponentially more Integrations with institutions like visa and has so far seen exponentially more retail adoption than sui not only that but this trend is likely to to continue because salana is exponentially more userfriendly than most cryptos at the same time it's more familiar to existing crypto users because it's been around for more than four years and the fact that its Phantom wallet raised $109 million to improve ux that also helped

a lot and this leaves the fifth round challenges now whether salana or sui wins this round ultimately depends on which challenges you believe are bigger and if you think about it this is the only round where things become very subjective because you're fundamentally dealing with things that can't be measured empirically you're dealing with things that can't be predicted like another outage on salana or another vulnerability in the move code used by sui still it's clear that salana has a lot to lose and suie a lot to gain if suie experiences an issue it's a growing

pain if salana experiences an issue there arguably a lot more on the line but again you're dealing with things that can't be predicted which is exactly why most members of the coin Bureau team hold both suie and soul in our view suie is a hedge against soul and soul is a hedge against suie if one suffers the other will benefit by holding both we win no matter the outcome unless suie and soul both experience critical issues at the same time but uh let's not go there okay that's all for today's video if you found it

informative be sure to smash that like button to let us know and if you want to stay informed about promising crypto projects well subscribe to the channel and ping the notification Bell as well and if you want to inform others about suie and salana and how they compare why don't you share this video with them as always thank you very much for watching and I'll see you in the next one this is Nick sign off [Music]