gate Research Institute: Competition and Ecosystem Analysis of Move's Public Chain - Analysis of the Competition and Ecosystem Construction between SUI and Aptos

gate Research Institute's latest release "gate Research Institute: Analysis of the Competition and Ecosystem Development of Move-based Public Chains - Sui and Aptos" , providing a in-depth analysis of the race among public chains using the Move language originating from the Facebook Diem project, with Sui and Aptos as core examples. It dissects the competition landscape from multiple dimensions such as technical fundamentals, performance comparison, user ecosystem, fund flows, and future development, and summarizes the latest trends and key opportunities in the Move race.

Key Points Summary:

• Move Language: The Move language originated from the Facebook Diem project. Its unique resource management model and verifiability design provide dual guarantees for the performance and security of public chains. Sui and Aptos are both evolved from the Move language, with the former focusing on ultimate performance and user experience, while the latter emphasizes system scalability and compatibility. The two have formed differentiated paths from the language level.
• Data Comparison: Sui relies on the Meme economy and the hotspots of social games to drive continuous influx of users and funds, resulting in significant growth in TVL and the market value of ecological tokens; Aptos, on the other hand, has attracted a wider range of developers and long-term users with its stablecoin, RWA, and BTCFi narrative, with an ecosystem project quantity far exceeding Sui, but slightly lacking in fund activity.
• Funds and Ecosystem: The scale and liquidity of DeFi assets in the Sui ecosystem are showing explosive growth, with TVL of multiple projects exceeding $100 million; Aptos ranks first in the Move track with 187 ecosystem projects, covering various areas such as DeFi, RWA, cross-chain infrastructure, etc., and the ecosystem layout is more diverse.
• Users and Scenarios: Sui attracts a large number of retail users with extreme performance and low-threshold interaction, with core traffic contributions from Meme coins, chain games, and social applications; Aptos, relying on a robust developer ecosystem and extensive infrastructure support, continues to attract emerging narrative projects such as RWA and BTCFi, leading in user retention and developer stickiness.
• Token Performance: In 2024, the SUI token saw a nearly 500% increase in value, hitting new highs repeatedly, reflecting the market's continued optimism towards the expansion of the Sui ecosystem and its financial performance; in contrast, the APT price saw a moderate increase, failing to break historical highs, indicating that the market is still in the process of establishing recognition of the value of the Aptos ecosystem.
• Future Outlook: As representatives of the dual hegemony, Sui and Aptos will engage in long-term competition around user growth, developer competition, funding attractiveness, and ecosystem expansion. There is still ample room for growth in the future Move track, with Sui's capital magnetic field effect and Aptos's expansion of ecosystem infrastructure potentially becoming key variables determining the future landscape.
• Move's value potential on the track: From the heritage of Diem to an independent public chain, from financial infrastructure to diversified ecological construction, the Move language-driven public chain innovation is gradually unleashing its potential. Whether it's Sui's ultimate performance track or Aptos's diversified ecological layout, they both demonstrate the unique value evolution path of the Move public chain.

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gate.io March 7, 2025