We all know that during the 2021 bull run, SOLANA experienced a remarkable surge, going from $2 to an all-time high of $250. Now, it seems highly plausible that SUI could be the "Solana 2.0" for Jump in the upcoming bull run.
Let's look back at the strong growth from October 2023 to the present of two prominent Layer 1 solutions, Solana and AVAX. What do they have in common? Both have completed their Defi ecosystems, including DEXs, NFT marketplaces, GameFi, and more.
The fundraising leadership team for SUI is quite similar to Solana, with A16z leading the funding round. It's worth noting that in the past year, A16z has invested in both SUI and Aptos as two prominent Layer 1 projects. I don't believe Aptos will be the "Solana 2.0" for Jump, as its Defi ecosystem is relatively weak and has not developed as expected. Only Thala stands out, and the token has been launched. On the other hand, SUI's Defi ecosystem is nearly complete, similar to AVAX and SOL. The only difference is that the GameFi sector has not yet exploded. This is the reason why SUI has risen to the top 2 in TVL among non-EVM projects, with over $350 million. Show Less
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