Altcoin

Grayscale says that this Altcoin is best positioned to remove market share from Ethereum

Published

6 months ago

March 26, 2025

Gigant Big Big Big Big Big Gigant from Digital Asset says that one low-one blockchain is the perfect place of the attainable to steal market share away from Ethereum (ETH), the most important sensible contract platform per market capitalization.

In a brand new one report From Grayscale Analysis, the SUI (SUI) firm says’ one of many highest transit and lowest transaction prices of a community with one layer ”with out trusting additional scale layers, as Ethereum does.

Grayscale notes that SUI represents solely 0.3% of his sensible contract platforms crypto sector by market capitalization. In response to the corporate, the Sensible Contract Platforms Crypto Sector Index comprises crypto property that function the essential platforms on which self-executive contracts are developed and carried out.

“Though the competitors inside the sensible contract platforms will most likely stay intense the crypto sector, Grayscale Analysis believes that SUI is at present the best-positioned blockchain of the third era to seize share of the market chief Ethereum over time.”

On the time of writing, Sui has a totally crammed in appreciation (FDV) of $ 25.9 billion, in comparison with $ 242.9 billion from Ethereum.

Says Grayscale,

“Inside a few yr, Sui has locked a substantial $ 830 million in whole worth (TVL), in keeping with coinmarketcap. TVL. TVL has a measure of the greenback worth of digital property deposited into sensible contracts.

For context, this ratio signifies how a lot worth is actively used on the community in relation to the market score. The low ratio of Sui can indicate that it’s undervalued in comparison with its opponents. For comparability, Ethereum, the main platform within the sensible contract area, a TVL/Market Cap -Ratio of three.16 maintains. “

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