- Sui eclipsed Solana and Ethereum on net inflows.
- But SUI’s pullback could extend lower to $1.7 if the weakening persisted.
Sui [Sui] has been among the top emerging blockchains in 2024, ready to slash part of Ethereum [ETH] and Solana’s [SOL] market share.
Recently, the chain surpassed ETH and SOL on net inflows, as noted by Mysten Labs co-founder Adeniyi Abiodun, who also leads the team behind the Sui chain.
He said,
“Sui recorded higher net inflows than Solana and Ethereum combined with $24.3M”
Source: Artemis
Artemis data showed Sui had a significant lead over the past 7 seven trading days on inflows, outflows and netflows.
It saw more inflows than Solana on the weekly charts. On a month-to-date (MTD) basis, it had $19.3 million in net inflows compared to Solana’s $12.3 million as of the time of writing.
SUI vs SOL
Sui has been deemed a great alternative to SOL, and some analysts even believe…
