TechFlow News, K33 Research analyst David Zimmerman stated in a research report released on September 18 that the Sui network has the potential to become a strong competitor to Solana.
Since early August, the SUI/SOL ratio has increased by 115%, while SOL/ETH rose only 6% during the same period.
Zimmerman believes Sui's technical capabilities, architectural design, and its upcoming gaming console could position it as a top-tier "alternative L1" blockchain.
Notably, on September 17, stablecoin issuer Circle announced the launch of USDC on the Sui network. From a technical standpoint, Sui's theoretical maximum transaction processing capacity is 297,000 transactions per second, far exceeding Solana's 65,000.
However, Zimmerman also pointed out that Sui faces challenges related to token supply, with only 27% of tokens currently in circulation. Nonetheless, the upcoming SuiPlay0x1 gaming console could provide Sui with new growth momentum.
