K33 Research: ”Sui will soon emerge as a formidable rival to Solana.”

Analysis has suggested that the Sui network could threaten the position of Solana, which is currently the most popular Layer 1 network after Ethereum.
According to Cointelegraph on the 19th (local time), David Zimmerman, a DeFi analyst at K33,
"The performance and architecture of the SWI and the upcoming game consoles are
"Combined, Sui could become a major rival in alternative Layer 1 (L1) networks," he said. "Solana is often the focus of Layer 1 warfare."
However, since August, the SOL/ETH ratio has risen 6%, while SUI/SOL has surged 115% over the same period."
In addition, the SUI Network token SUI rose 36% last week alone.
While acknowledging that widespread mispricing could be to blame, SUI stressed that there are ample factors driving the recent price increases.
Stablecoin issuer Circle announced on the 17th that it will launch a native US blockchain on the Sweenetwork.
They teased the launch of D Coin (USDC), revealing that this represents additional support and adoption for the network from major industry players.
"Sui has all the technological elements to potentially become a formidable rival to Solana," he explained.
Sui can theoretically process up to 297,000 transactions per second, far exceeding Solana's theoretical maximum of 65,000.
However, there is a big gap between the theoretical maximum TPS (transactions per second) and the TPS that can actually be achieved.
According to the data, Solana's actual highest TPS was about 3,000, while Sui's reached a maximum of 854 as of July 2023.