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Sui cryptocurrency had an impressive performance over the past year. As a large-cap altcoin, it's managed to stand out even in a market full of competitors.
Sui cryptocurrency has had an impressive run over the past year. As a large-cap altcoin, it's managed to stand out even in a market full of competitors.
A video from The House Of Crypto, a YouTube channel with over 257,000 subscribers, dives into Sui potential for the rest of the year. The creator shared his personal experience with Sui, revealing he moved a big chunk of his portfolio from Solana to Sui last September.
That move paid off nicely, giving him a peak gain of 439% and still sitting at 174% profit even after recent market pullbacks.
What makes Sui special? It all starts with who built it. Mysten Labs, the team behind Sui, consists of former Meta engineers who previously worked on Facebook's Libra project. They created a programming language called "Move" specifically designed for Sui's layer-1 blockchain.
This technical setup gives Sui serious performance advantages. The network can reportedly handle up to 297,000 transactions per second, making it one of the fastest blockchains around. This incredible speed, paired with a programming language that developers find easy to work with, has attracted many quality projects to build on Sui.
One key indicator of a blockchain's health is its Total Value Locked (TVL) - essentially how much money is being used in its ecosystem. Even when the broader market was struggling, Sui's TVL kept growing, showing that people were actually using the network rather than just speculating on its token.
Several successful projects have found a home on Sui. Names like Suiland, Navi Protocol (which focuses on DeFi), Satus Adex, Scolop, Deepbook, and the newly launched Walrus are building momentum for the ecosystem. Interestingly, both Deepbook and Walrus come directly from Mysten Labs, showing that the founding team is actively expanding their own blockchain's capabilities.
Walrus deserves special attention as it enters the decentralized storage market, competing with established players like Filecoin and Celestia. But Walrus does things differently. Instead of storing whole files in one place, it breaks data into smaller pieces called "silvers" and spreads them across the globe. Users only need to connect to 23 network nodes to retrieve their complete data, which makes the system both more secure and truly decentralized.
The storage industry globally is worth about $91 billion, with most of that controlled by big tech companies like Amazon and Google. Web3 storage solutions like Walrus have barely scratched the surface of this market, which means there's enormous room for growth.
Lanera is using it for real-time applications, Talis for AI agents, and Plume for storing data about real-world assets. The project just launched its mainnet with impressive numbers - over $450 million staked and 999 million tokens already participating in the network.
Adding to its credibility, Walrus has backing from a16z (Andreessen Horowitz), one of the most respected venture capital firms in crypto. This kind of high-profile support suggests the project has long-term potential.
For anyone thinking about investing in Sui, the video offers some practical advice: don't chase the "big green candles." Instead, wait for prices to stabilize at a new level before considering an entry.
While the creator doesn't expect Sui to overtake Solana's market cap during this cycle, he suggests that reaching an $80-90 billion valuation isn't out of the question at the right time. Similarly, Walrus could potentially hit $5-10 billion if Web3 adoption continues to accelerate and its AI integrations gain traction.
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See Also: Top 5 Crypto News Today: Bitcoin (BTC) Hovers Around $70,000, Optimism (OP) Surges 150% in a Month
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