Aptos and Sui are derived from the Facebook Diem blockchain project. Although the Diem project collapsed, it left behind the programming language Move.
The four co-founders of the project then created Mysten Labs and began creating Sui.
The Sui network was launched in May and has already formed an active community with more than 490,000 followers on Twitter and more than 750,000 members on Discord.
Sui’s network capacity can reach 300,000 transactions per second. The Sui architecture has three components: an Object, a Transaction, and a Validator.
Sui uses the DPoS consensus, which is implemented using the high-performance Narwhal and Bullshark memepool and consensus engines developed by Mysten Labs.
This architecture allows Sui to execute transactions in parallel and reach consensus quickly.
The difference between Sui and Aptos
As open source blockchains based on the Move language, Sui and Aptos have attracted the attention of large investment firms since their launch.
Thus, a16z participated in the first round of Sui funding in December 2021 and Aptos funding in March 2022.
Aptos now has a market capitalization of about $1.6 billion, while Sui has a market capitalization of about $600 million.
Sui and Aptos are derived from the Diem project and aim to improve throughput, scalability and security.
Both blockchains run on Proof-of-Stake (PoS) consensus versions and execute transactions in parallel. But the algorithms behind them are different.
Comparing ecosystems
The Aptos ecosystem is growing rapidly. From infrastructure services, such as wallets and oracles, to functional DeFi, NFT and gaming applications.
Aptos developers have gradually created a well-structured and diversified ecosystem that is constantly evolving. In contrast, Sui is developing at a much slower pace.
Devnet, supported by four nodes run by Mysten Labs, was launched in June 2022 for testing by developers. The Sui Wave 1 test network was launched in late 2022.
Wallets
According to Sui Global and the Aptos Foundation, Sui has seven wallet designs in development and Aptos has at least 14.
Purses on Aptos
Purses on Sui
Cross-network bridges
On both blockchains, developers are starting to build crosschain bridges.
Two bridges have already been deployed in the core Aptos network: Multichain and Bridge, and several other projects are under development.
LayerZero and Wormhole, the two largest crosschain bridges on Sui, were deployed after the launch of the main network.
From an investment standpoint, there are no better alternatives in the current market.
Aptos bridges
DeFi
Two projects have already been launched in the main Aptos network: the decentralized lending platform Aptin and the decentralized exchange Pontem Liquidswap.
DeFi projects on Aptos
There are three DeFi projects currently running on the Sui test network: Cetus, Suiswap, and Typos. Defi projects in the Sui test network
NFT
NFT marketplaces on Aptos are very homogeneous, while NFT platforms on Sui combine some of the characteristics of MOVE NFT to provide a number of changes and features for games and dynamic NFT.
NFT projects on Sui
NFT projects on Aptos
Games
According to CoinEx analysts, game projects on both Aptos and Sui are still in the early stages of development and the quality of the projects is rather mediocre, but it is worth watching their development.
Game projects on Aptos
Game projects on Sui
Infrastructure and tools
Infrastructure projects on Aptos that have issued their tokens have mostly migrated from other ecosystems.
As noted by analysts Coinex, they have not yet shown impressive results in terms of token price and market capitalization.
Infrastructure projects on Sui are at an early stage and developing rather slowly, but still worthy of attention.
Infrastructure projects on Aptos
Infrastructure projects at Sui
Sui Foundation and Aptos Foundation
The Aptos Foundation focuses on the development of the Aptos network and ecosystem, and its main goal is to support the development of the Aptos blockchain.
The organization is responsible for developing grant programs, promoting Aptos globally, and developing the Aptos ecosystem.
To date, the Aptos Foundation has held two grant events and received more than 500 applications from various teams.
The Sui Foundation was created to support the development of the Sui ecosystem.. It operates independently of Sui, but is its official organization.
Currently, the Sui Foundation has launched six ecosystem programs that focus primarily on accelerating the development of ecosystem participants and organizations.
CoinEx analysts’ conclusions
Sui, which is still in the early stages of development, has not yet shown impressive results.
Sui’s development has been relatively slow, while Aptos has been evolving at a sprinting pace, working hard to build its ecosystem.
Aptos developers have created a full ecosystem in which leading projects from various fields have established themselves in the marketplace and have been quickly launched into the mainstream network.
Sui still lags behind Aptos. In terms of marketing promotion, the Sui team is not as active as the Aptos team.
In doing so, the Sui team often actively promotes the launch of new projects, such as demonstrating the technical and functional capabilities of the public chain with Capy NFT to provide development ideas and opportunities for other applications.
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