Sui and Sei are two Layer-1 networks that are constantly in competition. Sui has a strong market cap and a mature DeFi ecosystem. Sei is trying to stand out with its AI features and user engagement tactics. But who will come out on top in the long run?
Market Capitalization and Total Value Locked (TVL): Who's the Bigger Player?
Sui has a market cap of $5.3 billion and a Total Value Locked (TVL) of $910 million. That's impressive for any crypto payments platform. Sei has a market cap of $1.7 billion and a TVL of $180 million. So while Sei is lower in terms of market cap and TVL, their focus on trading and AI gives them room for growth. But will it be enough?
User Engagement and Daily Active Addresses: The Crypto Payroll Edge
In terms of user engagement, Sei outshines Sui with 721,000 daily active addresses compared to Sui’s 651,000. Sei's success is thanks to its unique angle of crypto payroll for gamers and streamers. Their community-driven approach could help them attract even more users as demand for crypto payroll solutions grows.
Revenue Projections for 2025: Stablecoin Payments Platform Dominance
Looking to 2025, Sui's estimated revenue is $56 million, while Sei's is only $7.2 million. Sui's more established focus on stablecoin payments and RWAs seems to give it an advantage.
Tokenomics and Inflation Risks: Navigating Crypto Banking
Tokenomics and inflation risks are also at play. Sui is facing inflation risks due to aggressive unlocks, with 63% of its tokens locked and a projected -35% annual inflation rate. Sei's more moderated emissions strategy may help stabilize things, but it must keep innovating to keep users interested.
Future Outlook: Stability vs. Speed
The future for both Sui and Sei presents two paths: stability and speed. Sui's strong infrastructure and revenue make it appealing to conservative investors, while Sei's focus on speed and AI integrations are aimed at explosive growth. The upcoming Giga upgrade for Sei could help it catch up to Sui in terms of speed and efficiency.
Summary: The Crypto Payroll Battle
In the end, Sui and Sei’s competition reflects a larger trend in crypto banking. User engagement, revenue models, and tokenomics will ultimately determine who wins. Sui has the market position, but Sei's innovation could change the game.
