April turned out to be a crucial turning point for SUI as it surpassed Solana in terms of institutional inflows. SUI attracted 14.7 million dollars in inflows. Meanwhile, Solana saw 13.9 million dollars in outflows during the same period.
Even so far this year, SUI is giving tough competition to Solana, with inflows of 72 million dollars. This shift in investor sentiment could indicate a broader change in the market, signaling that institutions are favoring SUI over its well-established counterpart.
The trend is particularly interesting, given the performance of both assets. While Solana has long been seen as a strong player in the blockchain space, the recent rise of SUI suggests that investors may be diversifying across leading platforms.
Both SUI and Solana have experienced a decline in price since the beginning of the year, with SUI seeing a decrease of 14% and Solana a drop of 19%. However, April marked a turnaround for both tokens, with SUI up 56.6% trading at 3.54 dollars, while Solana recorded a more modest rally of 21%, sitting at 151 dollars.
Despite the growth in April, it is important to note the difference in market capitalization between the two. The growth of Solana's market capitalization of 11 billion dollars in April was equivalent to the entire market capitalization of SUI.
This difference in market capitalization growth indicates that, although SUI's rally is impressive, Solana's larger market capitalization gives it a more established presence in the market. However, SUI's strong performance in April highlights a native shift in interest, driven by its more scalable blockchain and growing partnerships.
This trend could continue, driving further growth for SUI in the second and third quarters. Will SUI surpass $SOL ?