The article discusses the search for the "next Solana" on Crypto Twitter as Solana (SOL) reached new all-time highs. Two contenders that have gained attention are MoveVM-based chains Sui and Aptos, both developed by teams with backgrounds in Facebook. SUI has outperformed APT in terms of price action and market cap. Both chains have similar total value locked (TVL) and number of active dApps. Sui has seen a significant increase in DEX trading volumes and generated higher fees compared to Aptos. In the TradFi arena, both chains are pursuing real-world assets. Ondo has deployed its tokenized Treausurys product on both chains, and Aptos announced BlackRock's deployment of its tokenized RWA BUIDL fund. Sui partnered with Franklin Templeton's digital assets arm. Additionally, both chains are venturing into hardware plays, with Sui focusing on gaming with its handheld console SuiPlay0x1 and a partnership with Team Liquid, while Aptos has developed a budget-priced smartphone called JamboPhone.
- Content Editor ( blockworks.co )
- 2024-11-22
Sui, Aptos vie for ‘next Solana’ status