SUI Leads Blockchain Race with 10x Market Cap and 1 Million Followers

SUI and SEI are two prominent blockchain platforms that have garnered significant attention in the cryptocurrency space. SUI, ranking #12 by market cap, has a valuation of $11.9 billion, while SEI, at #68, has a market cap of $1.1 billion. This disparity in market capitalization indicates that SUI has stronger institutional backing and broader adoption within its ecosystem. SUI also leads in community size with 1 million followers, compared to SEI’s 791,000. However, SEI has a larger circulating supply ratio—53% versus SUI’s 33%—suggesting more accessible liquidity for SEI holders.

SUI offers a radical shift in architecture, using an object-based model instead of the standard account-based one. This enables true parallel execution and faster processing, especially for simple transactions. Sub-second finality is supported by the Narwhal and Mysticeti consensus model, favoring scalability and low fees. In contrast, SEI, built on Cosmos SDK, introduces its own Twin-Turbo Consensus for ultra-fast finality and boasts the first native central limit order book for DeFi. Its V2 upgrade brings SeiDB and enhanced parallel execution, making it optimized for DeFi and trading.

SUI’s development stack uses Sui Move, a Rust-based language that emphasizes safety and precision. Although it has a steep learning curve, it reduces bugs. Over 1,400 monthly developers now work with SUI. However, it does not support Ethereum Virtual Machine (EVM), meaning Solidity-based code must be rewritten. SEI, on the other hand, supports CosmWasm and EVM, making it more accessible for Ethereum and Cosmos developers. The ecosystem benefits from a $10 million incentive fund and IBC (Inter-Blockchain Communication) compatibility.

SUI shows broader application with $1.6 billion in total value locked (TVL), $265 million in average daily DEX volume, and integrations with USDC, VanEck, and Phantom Wallet. It has a presence in real-world assets (RWAs), NFTs, and gaming. SEI’s ecosystem is more niche, with $492 million TVL and trading-focused platforms like Vortex and DragonSwap. It is expanding in gaming through Galxe and the Creator Fund, and leverages Cosmos-wide interoperability. SUI’s broad DeFi and enterprise appeal contrast with SEI’s targeted growth in high-speed trading and Cosmos-native apps.