In a recent post on social media platform X, Andrew Kang, co-founder of cryptocurrency venture capital firm Mechanism Capital, responded to top trader Eugene Ng Ah Sio’s comment regarding SUI’s market cap compared to SOL.
Kang expressed skepticism that SUI's market value could reach SOL's level.
However, he noted that SUI’s current market cap is only 3.5% of SOL, likening this to arguments presented by the Ethereum community before and during Solana’s notable outperformance.
Kang elaborated on his perspective by explaining several key factors that could impact SUI’s performance. He noted that catalysts within the SUI ecosystem, on-chain user experience, on-chain activity level, and developer experience are important. Kang suggested in his tweet that these elements could lead to a different assessment of SUI’s potential when compared to other alternative Layer 1 (sub-L1) cryptocurrencies and SOL.
“Outperforming can happen over time,” Kang added, noting that SUI's comparative success may have occurred in a different period than SOL's.
*This is not investment advice.
