Solana (SOL) may compete: Analysts expect a boom in that altcoin!

K33 Research analysts think that Sui (SUI) could compete with Solana ($SOL ) with its recent development.

K33 DeFi analyst David Zimmerman stated in a research note dated September 18 that Sui's performance and architecture may be better than Solana. Zimmerman said, “Solana usually stands out among Layer-1 projects, but SOL/ETH has increased by 6 percent since the August launch, while SUI/SOL has increased by 115 percent in the same period.”

On September 17, stablecoin issuer Circle announced that its own native USD Coin (USDC) would be launched on the Sui network. With the news, the token, which took the wind behind it, rose by more than 30 percent in a short time. This increase in parity also mobilized other coins in the ecosystem. Cetus Protocol (CETUS) and Scallop (SCA), which operate on the network, have increased by more than 50 percent in just one week.

The total asset value (TVL) locked in the network is approaching $800 million. This data, which is increasing day by day, indicates the interest shown in the network and the good performance of the native token. Crypto investors are focused on Layer-1 tokens that can mark the upcoming bull. This category includes many networks such as $SUI , Aptos , $SEI , Ton, Near and Kaspa.

It is currently unclear which network will make a big breakout. With the rise of the market, developers and projects will play their cards. Although most investors are trying to find the new Solana, it seems that it will not be easy. The increasing number of projects and factors affecting the sector will make the job difficult.

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