Aptos vs Sui: Which Crypto Is Better?

Lark Davis

Introduction to Aptos and Sui

Aptos and Sui are two layer one blockchains that have gained attention in the crypto space. They share a common origin story, with both being launched by founders who previously worked on the Meta (Facebook) blockchain project, Diem. Both blockchains utilize the Move programming language, which offers advantages such as easy use and increased throughput.

Key Statistics

  • Aptos:
    • Launched by Avery Ching and Mo Shaik in October 2022.
    • 34th largest crypto by market cap at the time of recording, with a market cap of around $5.3 billion.
    • Daily volume of around $334 million.
    • Total Value Locked (TVL) of over $1.1 billion.
    • Average of 4 million transactions per day.
  • Sui:
    • Launched by Mistin Labs in May 2023.
    • 14th largest crypto by market cap at the time of recording, with a market cap of around $14.8 billion.
    • Daily volume of around $1.7 billion.
    • TVL of around $2 billion.
    • Average of 10 to 20 million transactions per day.

Tokenomics

  • Aptos:
    • Maximum supply of 1.13 billion tokens.
    • Approximately 571 million tokens in circulation.
    • Aggressive token release plan, with a significant increase in token supply expected by 2030.
  • Sui:
    • Maximum supply of 10 billion tokens.
    • Approximately 3 billion tokens in circulation.
    • More gradual token release plan, with fewer tokens scheduled to be in circulation by 2030.

Recent News and Developments

  • Aptos:
    • Announcement of native USDC integration.
    • Partnership with Stripe for payments.
    • Co-founder Mo Shaik stepped down as CEO but remains as a strategic advisor.
  • Sui:
    • Native USDC integration.
    • Partnership with Chainalysis for enhanced security and trust.
    • Focus on gaming with a forthcoming gaming device.

Conclusion

Both Aptos and Sui show promising growth and adoption, with Sui currently leading in terms of market cap, volume, and transaction numbers. However, Aptos is seen as undervalued and has potential for growth. The decision to invest in either or both depends on betting on the current winner (Sui) or the underdog (Aptos) that could potentially catch up. It's essential to do personal research and consider the risks involved in crypto investments.