The article discusses the rising attention on Layer 1 Sui Network within the crypto community, driven by the increasing value of the SUI token. In a recent report by K33 Research, analyst David Zimmerman stated that Sui could become a strong competitor to Solana, with SUI outperforming SOL in price growth since August (115% vs. 6%).
Zimmerman acknowledged that Sui might be overvalued, but its fundamentals support the recent price surge. On September 17, Circle launched USDC on Sui, allowing for broader DeFi, GameFi, and SociaFi use. Sui’s maximum theoretical TPS (297,000) far exceeds Solana’s (67,000), though Sui’s actual TPS (853) still lags behind Solana’s (1,504).
Zimmerman also highlighted that only 27% of SUI's total supply is in circulation compared to 80% for SOL, warning of potential selling pressure when Sui unlocks more tokens. The community is also awaiting the release of the SuiPlay0x1 gaming console, which could positively impact Sui similar to how Solana’s Saga phone did.
Zimmerman sees growth potential for Sui, especially with its parallel transaction processing capability, but notes it needs more users and capital inflows. SUI’s price has risen by over 67% in September, outperforming SOL, which increased by only 3% as Solana’s earlier momentum has slowed.
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