Why SUI Will OUTPERFORM Cardano ADA This Crypto Bull Run

Sui is one of the up-and-coming blockchains. Its mainnet launched in May 2023. On the other hand, Cardano is one of the older chains in the space. Its mainnet launched in September 2017.

Both have their strong and weak points. That’s something I would like to look into. Make a couple of comparisons and see where each chain stands for us users. Is it the new kid on the block, or will the old hand be able to stand its ground? Well, there’s only one way to find out. So, let’s dive straight in, and see how this works out for them.

1) DeFi Markets

So, the first area I want to look at is DeFi. How much TVL has each chain locked? I use CoinGecko and DeFiLlama to check this. On CoinGecko:

  • Sui places 12th with $595.8 million in TVL. That’s a market dominance of 0.68% with 42 coins.
  • Cardano sits in the 16th spot with a TVL of $300 million. Its market dominance is 0.35% with 77 coins.

On DeFiLlama:

  • Sui is in 13th spot with a TVL of $642.45 million. DeFiLlama credits Sui with 30 protocols.
  • Cardano takes the 19th spot here with a TVL of $338.37 million. It has 35 protocols.

So, we see Sui taking a convincing lead here. Twice on different platforms, it beats Cardano hands down.  Sui has built up a better TVL in a much shorter time frame. I can safely say that Sui is taking the DeFi space by storm. If given grades, Sui would get a 3.5 out of 5 and Cardano a 2.5.

2) NFTs

Now, let’s take a look at the NFT space. Yes, Ethereum is still the main chain for NFTs. Although, currently, Bitcoin’s Runes are taking the driver’s seat. Solana comes in at third spot.  

So, on renowned NFT platforms, like CryptoSlam or DappRadar, you won’t find Sui. However, they do list Cardano. Cardano has a 24-hour volume of $66,683. Sui has a 10,521 $SUI volume, or $14,400. By the way, 40% of that volume goes to Prime Machin. We recently posted an article about this collection. So, yes, Cardano wins when we look at daily volume.

However, that’s not what I’m looking for here. I’m impressed by the tech behind the Sui NFTs. Their design may put them in the driver’s seat over time. For example, the Sui NFT standards include Dynamic Fields. This allows NFTs to change over time or when they meet certain conditions. Kiosk is another important feature. It allows a Sui NFT to hold other NFTs or coins. You can also borrow or lend NFTs this way. 

Another sample of Sui NFT’s creativity is that you can merge NFTs. Remember the 7 SuiFrens or the Capys? You could merge the two and get a new one. This tech in Sui NFTs sets them far apart from any other NFT on different chains. It now all depends on the creativity of the Sui NFT devs. 

Sui wins here, despite not having the volume yet. That’s only a matter of time. I give Sui a 4.5 out of 5 and Cardano a 3.

3) The Size of Their Ecosystems

So, let’s take a look at their respective ecosystems. Here, Cardano has a six-year advantage over Sui. Look at this interactive Cardano ecosystem map. It’s massive. Since 2017, plenty of projects built on Cardano.

Next is their NFT ecosystem. Yes, this is bigger compared to Sui. However, as we just saw, Sui is far ahead with their NFT tech. That will give them an edge. Cardano covers every crypto corner with its ecosystem. For example:

  • DEX
  • Wallets
  • Education
  • Infrastructure
  • AI 
  • DeFi
  • Launchpads 
  • Payment options
  • Socials
  • Memecoins
  • Gaming and much more.

Sui currently has 85 projects. It spreads them out over 30 categories. Although some may overlap. But in all fairness, that also happened at Cardano. Some Sui projects are, for instance:

So, Cardano’s got the upper hand here and pulls one back. They get a 3.5 out of 5 and Sui a 2.5.

4) Operating Systems

When we look at the operating systems of both chains, we see big differences. Cardano is an Unspent Transaction Output (UTXO)-based blockchain. That’s the same as Bitcoin, Litecoin, ZCash, or Dogecoin.

The Cardano transactions have inputs and outputs. As such, an input is an unspent output from a previous transaction. So, it stores assets in unspent outputs. Are you still with me? It doesn’t store it in an account, like Ethereum does. Many consider the UTXO model as one of the most robust and best operating systems in crypto.

On the other hand, Sui has an object-centric approach. As we already saw with the previous Kiosk feature. That’s when I talked about their NFTs. It organizes its transactions with a DAG or Directed Acyclic Graph. This allows for parallel transaction processing. As a result, it reduces bottlenecks.

I give Cardano here a slight advantage, although Sui comes in close. So, Cardano a 4 out of 5, and Sui is a 3.5.

5) Compatibility Factors With Other Chains

Interoperability is important in the crypto space. The various blockchains can’t talk or communicate with each other. Hence, we need bridges to send assets across different chains. The more chains it can connect to, the better a chain will thrive. 

The way Cardano is set up, it’s difficult to connect it to other chains. Wanchain is the only bridge, so far, that could crack this task. It connects Cardano with Ethereum. This allows for $BTC, $ETH, $USDT, and $USDC to get to Cardano. Sui, on the other hand, has various bridges. For example:

  • Portal bridge — Built on top of Wormhole. It connects EVM and non-EVM chains.
  • OmniBTC – Uses LayerZero as the bridge and Sui as the settlement center.
  • SuiSwap — Offers 16 tokens from various chains you can swap.
  • CryptoPia — Connects various chains. For example, ETH, ARB, OKBC, BSC, Solana, Polygon, or TRON.
  • KriyaDEx — Connects 5 chains.
  • YouSUI — Connects with Ethereum, Polygon, BSC, and Solana.

Here is an example of a partnership that can boost Sui’s compatibility with other chains:

No doubt here, Sui wins this with a street length. Sui a 4 out of 5 and Cardano a 2. This brings the final result to 3-2, in favor of Sui. In a shorter period in the mainnet of only a year, Sui is building more things that users want.  Which chain do you use most of these two, and which app do you like best? Let me know in the comments.



The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. This article has been sponsored by Sui. Copyright Altcoin Buzz Pte Ltd.


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