in the 2021 bull market the top performing cryptos were so-called ethereum Killers such as salana case in point Soul rallied by nearly 100x in a matter of months this time around so-called salana Killers could be the top performing cryptos and these include sui and Aptos which have a shared history use similar technology and are seen even as a threat by sana’s Founders and that’s why today we’re going to compare sui and abos across a series of metrics to figure out which of the two has the most potential in 2025 which one the answer might surprise you my name is Nick stay tuned you know the drill nothing in this video is financial advice it’s educational content intended to inform you about sui and Aptos and also do note that members of the coin Bureau team hold both sui and a as part of their personal portfolios so we will be as objective as possible in our analysis as always if you want to know which other cryptos we hold you can become a member of the coin Bureau club we not only showcase our full crypto portfolios and watch lists but also do deep dives into promising small cap altcoins every week that are voted on by our members like altcoins in the sui and eptos ecoystem if this sounds good to you well then you can become a member of the coin Bureau Club using the link link down below now we will compare sui and eptos across five different metrics Founders and funding technology tokenomics and price potential adoption and challenges at the end of the video we’ll see which project won each round and reveal which one has the most potential in this crypto bull market let’s start with round one Founders and funding as mentioned in the introduction suie and eptos have a shared history they were both technically founded by meta back when it was still known as Facebook the teams behind sui and eptos were part of the team that was working on Libra Facebook’s digital currency which later rebranded to DM Facebook first revealed Libra in 2019 and it sent shock waves around the world as you can imagine governments and central banks were terrified at the prospect of a privately issued digital currency competing with their National currencies initially Facebook tried to comply by changing Libra’s details this included turning Libra into a stable coin and rebranding to DM in 2020 unfortunately this didn’t work and DM was subsequently shut down in early 2022 however by late 2021 the team behind DM had already split into two with one team founding sui and the other founding Aptos the team that founded sui created a Californian company called miston labs to build it the founders of miston labs are Evan Cheng who used to work as the head of research and development for DM’s products Sam blackshare who invented the move programming language used by DM ad AB Odin who was the head of DM’s products acostas chelus who worked on DM’s cryptography and George denas who worked as a research scientist on DM’s technology M Labs raised $336 million from Top tier crypto VCS across two rounds in 2021 and 2022 notably FTX was the lead investor in the second round which totaled $300 million M Labs did buy back FTX stake in the company and its allocation of suie in the spring of 2023 for $96 million this is presumably why sui conducted a series of initial exchange offerings or ieos around that time these iOS reportedly raised around $60 million bringing sui’s total raise close to $300 million after the FTX repayment now sui’s ongoing development is coordinated by the suie foundation which is based in the Cayman Islands sui’s main net launched in May 2023 now the team that founded aptose created a Californian company called aptose labs to build it the founders of aptose labs are Avery Ching the former lead developer and maintainer of DM and Mohammad AKA Mo shake the former head of strategic Partnerships at DM in December of last year though Mo stepped down as the CEO of epos labs like sui eptos raised around $350 million from Top tier crypto VCS across two rounds including a raise from well FTX the difference is that eptos apparently did not buy back FTX stake it’s not exactly clear how much a FTX had a 2023 report notes that it held around 28 million a which is equal to about 10% of its circulating Supply it’s possible that AP sellin by the FTX bankruptcy estate contributed to its relatively poor price action in 2024 more on that later now also like Su epos appears to have raised a significant amount of capital after its initial funding rounds the difference in epos’s case is that one of these funding rounds came shortly after the initial funding round specifically in September 2022 when binance increased its investment notably binance published a blog post explaining that it increased its investment due to aptois technology crypto VC dragonfly Capital announced a Strategic investment in Aptos around the same time what’s fascinating though is that Aptos reportedly raised even more money from another crypto VC called foresight ventures in September 2024 this funding round came shortly before Mo’s departure H probably nothing anyways abdos is ongoing development is coordinated by the eptos foundation which is likewise a based in the Cayman Islands os’s Main net launched in October 2022 shortly before FDX collapsed and the depth of the crypto be Market began something that could also have contributed to its poor price action but again more on that later by the way if you enjoy this video so far don’t forget to smash that like button to let us know and don’t forget to subscribe and ping the notification Bell as well to make 100% sure you don’t miss the next one all right time for round two the technology under the hood suie uses a delegated of stake blockchain that’s capable of processing up to 297,000 transactions per second with subsecond finality and this is made possible due to a series of Novel Technologies the most important of which is the move language sui uses a modified version of the original move language called sui move which keeps track of objects rather than accounts for context most cryptos use account-based models which are analogous to card payments you send money your balance changes the recipient receives money their balance changes by contrast object-based models keep track of where that money is in Practical terms this means that there’s only a single transaction when something is moved on sui’s blockchain the object is in this wallet and now it’s being moved to another wallet and this subtle difference is part of why sui is so fast another difference is that sui technically uses a directed a cyclic graph or dag for transaction ction propagation and consensus the specifics of dags are outside the scope of this video but the key takeaway is that dags make it possible to process transactions in parallel rather than sequentially the catch is that unlike normal dags sui orders the finalized transactions linearly into checkpoints which can be simply understood as blocks hence why the final product looks like a regular blockchain the difference in this case is that these checkpoints are already valid when added to the chain there is no need to wait for a validator to verify the transactions before adding another Block it’s already done speaking of which sui has only 109 validators which is another reason why it’s so fast it’s quite centralized this might have something to do with the fact that you need a minimum of 30 million sui to become a validator that’s roughly $120 million at the time of shooting which is actually pretty crazy fortunately there is no minimum stake for delegators the caveat is that Stak in rewards are only around 2.6% and there is a slashing risk the Silver Lining is that the unlock time for staking is roughly 24 hours which is much shorter than most proof of stake cryptocurrencies now as for Aptos under the hood it uses a delegated proof of stake blockchain that can process up to 160,000 transactions per second also with subsecond finality and this is made possible due due to a series of Novel Technologies like those on sui but slightly different starting with the move language eptos uses a version of move that’s more similar to the original move language used by Facebook’s DM again the specifics of this are outside the scope of this video but the key takeaway is Aptos has limited object orientation compared to sui and is more similar to standard account-based cryptos this begs the question of how Aptos is so far and the answer is a truly novel technology called block STM developed by aptose Labs like dags block STM makes it possible to process transactions in parallel except that it’s not a a according to a detailed report by Amber group block STM is apparently just as fast as Su dag though it is worth noting that both of these cryptos are working on new scaling Solutions in any case this is interesting because os’s account-based model basically explains why it’s roughly half as fast as sui a recall that account-based models require two updates to the transaction history whereas object-based models require only one the Practical effect of this is that if you have two cryptos that have equally Cutting Edge Tech like aptose and SOI the object-based one will inherently be twice as fast the catch in this case is that eptos is much more decentralized than sui as it has almost 145 validator nodes and almost 500 full nodes for reference suie stopped publishing the number of full nodes on its Explorer some time ago possibly because it’s in the process of switching to using a new storage protocol regardless the minimum stake to become an aptose validator is 1 million a which is still a pretty penny as it works out to almost $8 million at the time of shooting and not only that but the minimum stake for delegators is currently 11 a which isn’t cheap for a lot of people the good news is that staking reward WS are currently around 7% and there’s no slashing risk the bad news is that any Stak a has an unlock time that’s as long as 30 days the exact unlock time depends on when you start staking within each 30-day cycle I won’t get into the weeds here cool time for round three tokenomics and price potential sui is the native cryptocurrency of the sui blockchain it’s used for staking to pay for transaction fees and for governance notably a portion of all transaction fees on sui are locked to pay for the cost of storing any Associated data on chain and this creates a dynamic like partial transaction fee Burns though this locked sui is technically not destroyed sui has a maximum supply of 10 billion which was allocated as follows 6% to the community 10% to miston Labs 14% to investors 20% to early contributors and 50% to community Reserves including Stak in rewards the vesting schedule for this sui is Infamous for being incredibly aggressive as you can see there was a massive vesting cliff in April last year that nearly doubled sui’s circulating Supply sui circulating Supply is scheduled to double Again by the spring of 2026 per the aggressive linear vesting for what it’s worth Su vesting schedule is much less aggressive after that now although there was lots of fud around the effects of last year’s vestin Cliff would have on its price there’s no evidence that it did particularly because the rest of the crypto Market started crashing around that time in fact sui price seems to have been essentially unaffected by its aggressive vesting so far this is reminiscent of what happened with salana during the previous crypto bull market to refresh your memory 90% of Soul Supply was unlocked in January 2021 but it literally had Z effect on its price soul went on to Rally by 50 times and it seems that sui is following salana in more ways than one on that note we believe that sui could be following salana one cycle behind by market cap and that’s because sui is considered to be a top competitor to salana even by Solana’s own Founders salana hit a market cap of around $80 billion in 2021 if suie follows suit an $80 billion market cap would translate to a suie price of around $20 when you factor in the vestin we’re likely to see between now and then as for Aptos AP is the native cryptocoin of the eptos blockchain it’s used for staking to pay for transaction fees and governance like sui a portion of transaction fees are locked to pay for the cost of storing any Associated data on chain the difference is that the remaining portion is burned and this creates a dynamic like full transaction fee burn though the storage fee is also Tech technically not destroyed a had an initial supply of 1 billion which was allocated as follows 51% to the community 19% to contributors 16.5% to the foundation and 13.5% to investors some of you might recall that these tokenomics were controversial when aptose launched and were also revealed at the last minute as you can see ap’s vesting schedule is effectively just as aggressive as se’s having likewise experienced an almost 50% Supply increase last spring there are two important differences though and the first is that a has an inflation rate of 7% that will decline slowly each year until it hits 3.25% and the second is that Aptos tokenomics specified that locked a can be sted meaning that early investors and insiders could earn staken rewards on their locked a it’s not clear if these Rewards boards can be sold but ap’s price chart certainly looks like they can be as it’s been constantly going down switching the lens to market cap reveals that while ap’s price has been falling its market cap has been rising and this suggests that insiders have been dumping for what it’s worth abt’s market cap is forming a cup and handle pattern which could create some positive price action in the short term if it plays out in the long term we also believe that Aptos could also be following salana one cycle behind by market cap the catch in this case is that even if this is true A’s Supply growth inflation and locked staking dynamics mean that a may not hit a price higher than 70 or $80 which is still not too shabby great time for round four adoption Su Flagship wallet extension has over 1 million downloads though it’s likely that this number is a bit higher due to all the other move wallets that support sui sui’s Explorer notes that there are around 1.5 million to 2 million daily active wallets so these numbers they check out if you’ve been keeping up with our sui updates however you’ll know that sui’s daily active Wallet account has practically been flat for months meanwhile sui’s price has continued to rise along with the total value locked in its defi protocols this suggests that it’s mostly Wales and not much retail yet additional evidence for this can be found in the fact that sui’s Su play handheld gaming device has only sold around 7,000 units while it’s possible that this is due to its cost it costs around $600 the discrepancy between sui’s apparent user base and sui play purchases could be evidence of minimal retail activity another peculiar indicator is the supply of stable coins on sui which has likewise been flat for almost a year for those unfamiliar stable coin Supply is both an indicator of onchain liquidity and onchain activity related to things like payments and savings it seems both have been quite static on sui but this could change soon since Eric Trump one of Donald Trump’s Sons reportedly holds sui sui is also one of the sponsors of Trump’s inauguration uh when you combine this with the fact that sui is technically made in America it foreshadows significantly more retail exposure and adoption as for eptos its Flagship wallet extension has around 500,000 downloads and it’s again likely that this number is higher due to all the move wallets that support eptos and this is corroborated by onchain data from into the block which notes that there are around 1 million daily active Wallets on Aptos in contrast to sui however the number of daily active Wallets on Aptos has been rising fast since last September and you’ll recall that this is around the time that it raised additional capital from foresight Ventures a reports about the raise note that the funding round was to increase aptose adoption in Asia since that time the number of daily active Wallets on aptose has risen by more than 6X at the same time data from dap radar reveals that daps on aptose are starting to gain traction even though the activity on the largest dap is just because of a partnership with the web 2 social media app chingari there are many gamei dabs on Aptos with hundreds of thousands of monthly active wallets and growing at the same time the supply of stable coins on Aptos has been going par abolic having more than doubled over the last two months and if you’ve been keeping up with our eptos reviews you’ll know that this is no coincidence eptos added support for usdt last year and was explicit about its intentions to use it for payments in conjunction with the Petra wallet which will soon be getting its own physical crypto card whereas sui is held by Eric Trump and sponsored Trump’s inauguration usdt stable coin issue at tether has close connections to the Trump Administration via Canter Fitzgerald which custodies its reserves Canter Fitzgerald CEO Howard latnik has a close relationship with Trump and Elon Musk who is another key player in Trump’s Inner Circle not only that but PayPal was also an early investor in Aptos and FYI former PayPal Executives also have strong presence in the Trump Administration besides Elon a PayPal co-founder we have David saxs who is Trump’s Ai and cryptar and JD Vance who Korea was bankrolled by Peter Teel and you can learn more about the cryptos HED by or related to Trump and members of his administration by using the link right over here awesome now for the final round challenges sui’s biggest challenges are arguably adoption competition and development starting with adoption it appears that suie has yet to achieve significant retail adoption again this could change soon but as it stands today it seems seem to be lacking this might have something to do with sui’s strategy for those unfamiliar the first step in sui strategy is to achieve Massad option via gaming and as we’ve noted in our suie updates the biggest challenge on that front is that they’re focusing this first step on the Su play handheld device whose sales have so far been underwhelming and this relates to the Second Challenge and that’s competition as some of you may have heard Solana’s Phantom wallet recently integrated the suie blockchain this makes accessible to over 15 million users which should result in more adoption at least in theory in practice there’s nothing that really differentiates suie from salana from the perspective of the end user they’re both very fast and easy to use in other words there’s no clear reason why a salana user on Phantom would want to switch to sui at least not yet sui’s upcoming developments could create an incentive for users to switch over and if there is successful then it could in fact facilitate the onboarding of tens of millions of new users to suie and this relates to sui’s third challenge though and that’s development in case you missed the memo sui experienced an outage last November and when you realize that sui is working on truly cuttingedge Tech you understand that the risks of technical issues are higher than they are for more battle tested cryptos this is especially true when you remember that sui isn’t just working on another account-based blockchain it’s working on a brand new object-based blockchain that’s coded in a relatively new programming language that’s been further modified and continues to be tweaked higher risk of error as for Aptos its biggest challenges are arguably tokenomics competition and development as is often the case in crypto os’s apparently exponential adoption in recent months has been completely overshadowed by the fact that AP Wales have been simultaneously dumping on retail on the one hand the fact that eptos has been around for more than 3 years means that most of this saling pressure is probably over on the other hand we have yet to see any concrete evidence of this AP has underperformed even more than eth and if this continues its adoption could suffer and this ties into Aptos Second Challenge and that’s competition os’s leadership or its investors seem to have recognized that it doesn’t stand a chance against onshore crypto projects like salana and SOI hence why it appears to have pivoted towards focusing on offshore jurisdictions namely Asia the problem is that eptos is also technically a made in America crypto when you consider the geopolitical Rifts that are likely to emerge because of the Trump Administration this could create a scenario where eptos is either forced to change its location or be prevented from serving users in countries like China never mind the fact that there are lots of promising offshore crypto projects epose is competing against this relates to epos’s third Challenge and that’s development when you compare Su and Aptos developer teams it’s quite easy to see which one is superior at least at first glance upon closer inspection you realize that Aptos decision to stick to using the account-based model and not messing about too much with moves underlying code means that Aptos should be less Pro to technical issues even so that doesn’t change the fact that aptose is comparatively limited on the Innovation front at least from our non-technical perspective as such os’s development challenge is more around not shipping the kind of cuttingedge technology that sui is the ironic part is that even though Aptos is slightly less Cutting Edge and theoretically less prone to issues it also experienced an outage once in October 2023 okay gloves down let’s see who won the fight sui wins the first round for more reasons than one its Founders are heavier hitters it seems to have raised more money and it also has bought back FTX stake as quickly as it could after the exchange collapsed operationally sui seems to be more effective and we’ll come back to strategy in a second sui also wins the second round just because its technology is truly Cutting Edge as far as we can tell there is no other cryptocurrency like it now SU seems to be the only crypto project using the object-based model to such a large scale and of course what we explained only just scratches the surface of what’s under the hood believe it or not though but abdos wins the third round and this is simply because sui’s theoretical cycle top is only around 5x from its current price whereas ap’s theoretical cycle top is around nine times from its current price and you’ll recall that sui’s theoretical cycle top is also more optimistic whereas AP is more conservative and this means that it has more room to surprise to the upside and its onchain metrics suggest that it could Aptos also wins the fourth round precisely because its onchain metrics clearly show that its adoption is growing rapidly whereas Su has been stagnant I’ll remind you that this change in Trend seems to have started after a fresh round of investment and change in leadership and strategy late last year from the outside looking in it looks like eptos is finally on track and chances are that its price will hopefully follow suit and this brings us to the final round where sui is clearly the winner the fact of the matter is that Aptos faces significantly more challenges than sui at this stage it goes without saying that this could change but as things stand today sui faces a downhill battle whereas eptos is finally starting a very long uphill battle and that’s why even though many members of the coin buau team hold sui and a most of them only hold soie and even the ones who hold both hold more soie if only just because sui has performed better in recent months but as the saying goes past performance doesn’t guarantee future performance sui is one of the few cryptos that’s been leading in the crypto bull market so far most of the others have been lagging including Majors like ethereum to some this means that the biggest opportunities will be found in the crypto that eventually catch up to others this means that the winners will continue to take all but what do you think let us know in the comments down below and if you enjoyed that vid don’t forget to check out our latest sui update right over here and if you’re not subscribed to the channel yet you can do that right over here that’s me for now thank you very much for watching and I’ll see you again soon [Music]
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