#Write2Earn! It's war among the Ethereum killers: Sui beats Solana and the TVL hits a record high
Solana SUI
Disclosure Announcements
Record inflows for the SUI blockchain that surpass SOLANA, reaching a Total Value Locked of 2.1 billion dollars, the highest achieved so far.
The competition between Sui and Solana continues to dominate the DeFi segment. Over time, the main competitors of Ethereum have established themselves as valid tools for operating in decentralized finance with strong smart contracts.
Now, however, Sui seems to have made a significant leap forward compared to Solana. The capital inflows to Sui are significantly greater than those to Solana, and while the Total Value Locked (TVL), that is, the funds locked within the ecosystem, reached a record of 2.1 billion dollars this week.
Experts believe that Layer 2 solutions like Base and new Layer 1 networks like Sui represent a growing threat to Solana due to their solid technical performance and increasing adoption.
The recent decision by the U.S. SEC to postpone the evaluation of Solana's ETFs, which has been under review by the agency for quite some time, does not help either.