The following is the latest overview and analysis of four cryptocurrencies: SUI, ADA (Cardano), XRP (Ripple), and SOL (Solana) as of April 2025:
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1. SUI (Sui)
Overview:
Sui is a next-generation L1 blockchain developed by Mysten Labs, focusing on high scalability and low latency, using the Move language.
Recent Developments:
• The ecosystem is rapidly expanding, particularly in the GameFi and NFT sectors.
• Due to funding grants and incentive programs, there is a short-term upward trend in TVL.
Positive Factors:
• Solid technical foundation, emphasizing parallel transaction processing.
• Supported by several large VCs, such as a16z and Jump.
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2. ADA (Cardano)
Overview:
Cardano is led by Ethereum co-founder Charles Hoskinson, valuing academic research and formal verification.
Recent Developments:
• The Basho era is coming to an end, with ongoing testing of the Hydra Layer 2 solution.
• The growth rate of the ecosystem is slow, and TVL rankings have been surpassed by several other chains.
Positive Factors:
• The community is stable and loyal, with strong long-term believers.
• The technical roadmap is rigorous, with potential applications in government and institutions.
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3. XRP (Ripple)
Overview:
XRP is mainly used for cross-border payments, with Ripple Labs collaborating long-term with various financial institutions.
Recent Developments:
• The lawsuit with the SEC is basically concluding, but it is still not completely clear.
• Ripple continues to promote the XRP Ledger for stablecoin and CBDC models.
Positive Factors:
• Wide foundation of cooperation with financial institutions, especially in Asia and Latin America.
• The legal battle may gradually clarify issues, restoring market confidence.
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4. SOL (Solana)
Overview:
Solana emphasizes high TPS and low transaction fees, making it one of the fastest L1s available.
Recent Developments:
• On-chain activity is extremely active, with a surge in users and TVL driven by the Meme coin craze, such as WIF and BONK.
• Collaboration between Solana Pay and Shopify is promoting physical payment applications.
Positive Factors:
• Rich ecosystem with thriving DeFi, NFTs, and Meme coins.
• Active developer community, with gradual promotion of Solana Phone.