SUI’s fast, sure, but TPS bragging rights don’t mean much without adoption, utility, and real users. Without serious traction or hype momentum like SOL had, it's just another fast chain in a crowded field.
Even though it's a crowded field, we can all agree that SUI has made significant progress in just a few years, No? Sui launched after Aptos yet it has more traction (users + TVL) than aptos.
Movement launched after SUI and still has less traction than even aptos which is disappointing considering the consensus is that newer chains with exciting features are better. I'm not a SUI user or community member but I feel they're on the right path.
This is the wrong way to think about it. If SUI didn't do a few thing right, it would be another coin where the attention is. Part of it is VC connections, another part of it is pure luck. Nobody has control over what is currently hyped in the market. The position on a list like Coinmarketcap is not relevant, it does not change the fact that it is yet another altcoin that does pretty much everything the same as many other coins.
Well, I agree with the fact that TPS is kinda gimmicky, most of these TPS are also lab test being held under controlled condition. In production, nobody knows if the TPS can be consistent and there's no validator outage.
The TON case was also funny, the blockchain itself hailed as the best blockchain in term of scalability only for it to froze over airdrop claiming event.
Almost all teams behind private blockchains called altcoins are lying. It is just a question of how blatantly they are doing so. There is a simple rule of thinking that everyone can follow. Did TON need to exist? No. Did SUI need to exist? Also no. They are made to enrich the creators, that is it. There is nothing complicated about it.
To be honest, most of altcoins are like that, just temporary hype until market maker and VC cashed out, then it went downhill from there.
Only something like BTC where holders are truly decentralized that can retain price and even growing parabolic.
Yes. BTC is the only coin aside a couple old ones like Litecoin, Dogecoin and Monero that did not have any VCs, presales and anything scammy like that. These things exist to enrich people with money at the expense of retail.
That's the point. So many projects claim to have high TPS, but they fail once they're put up to the test in the real world. The large number of TPS processed are only done in a lab setting like you've said. But the real deal comes when the Blockchain is put under stress in a public setting. I've read somewhere that the more nodes there are on the network, the more latency there will be, effectively undermining the Blockchain's performance. It's why a chain like EOS (now rebranded to "Vaulta") only has 21 validators on the network.
It is not only about a lack of public testing, in which case we would talk about theoretical TPS. There are some sites that track theoretical against the actually tested TPS, but I don't remember the name now. The thing is, you can have a public chain with absurd TPS numbers but what is the benefit of that when you need very expensive server clusters to run it? All those blockchains are terrible in this case. What is even worse is situations like EOS. With 21 validators, you can't be considered a cryptocurrency of the same category as those that we are talking about. It is a centralized blockchain.
I don't think SUI would be any different than APTOS, TON, or even HBAR in terms of network performance. Even SOL has its own set of limitations. My guess is that Solana will remain the leading coin of its kind after Ethereum. Neither SUI, APTOS, nor the other ones mentioned will be able to compete against it. Why focus on "killing" SOL, though? Isn't that the same as "killing" ETH? We should move past this and focus on working together to make crypto land a better place. The future of crypto is interoperability. This means cross-chain bridges, atomic swaps, and whatnot. Who knows where SUI will be in the long run?
We can't move past it, you are misunderstanding how altcoins come to existence if you even think that this has the faintest possibility of existing. Almost all altcoins get created out of 1 simple reason, greed. The creators want to enrich themselves and their friends, and this already sets it up as a competition. It is not avoidable.