Key Takeaways:
The Sui Network saw its daily activity increase by 60 percent on May 24, processing 4.38 million transactions and widening its lead over rival Move-language blockchain Aptos.
Data from Chainspect confirmed the transaction surge, while DefiLlama data shows Sui’s Total Value Locked (TVL) at $2.6 billion, more than double Aptos’ $1.0 billion. Both are L1 blockchains derived from Meta's abandoned Diem project.
The activity spike gives Sui a market capitalization of $4.11 billion compared to Aptos’ $757 million. Sui also recorded $175.6 million in 24-hour trading volume, far outpacing Aptos’ $20.4 million, according to CoinGecko data.
While both networks have a similar 40 percent circulating token supply, the widening gap in on-chain liquidity and developer momentum suggests Sui is capturing a larger share of the ecosystem. Price recovery metrics also differ, with SUI down 80 percent from its peak while APT remains down 96 percent.
This article is for informational purposes only and does not constitute investment advice.
