Sui Is Building a Skyscraper on a Shaky Price Foundation
- Sui’s developer growth hit 54%, defying a 20% contraction in the broader crypto market
- Sui’s yearly developer growth of 16.1% puts it in direct competition with top rival Solana
- The SUI token price is down 49% from its all-time high, creating a disconnect with developer growth
The Sui blockchain is presenting a stark paradox to the crypto market: while its developer community is experiencing explosive growth that defies the industry’s downturn, its native SUI token has failed to capture similar momentum, struggling to regain its footing.
This divergence between fundamental ecosystem health and market valuation tells two very different stories about the high-performance Layer 1 network.
Developer Growth Defies a Shrinking Market
Data highlights an impressive surge in developer activity on Sui. Over the past two years, the project’s developer community has expanded by 54%. This stands in sharp contrast to the broader crypto market, which saw its total number of active developers decline by 20% over the last year.
Sam Blackshear, the co-founder and CTO of Mysten Labs, emphasized this trend, noting that virtually all major Ethereum Virtual…
The post Sui Is Building a Skyscraper on a Shaky Price Foundation appeared first on Coin Edition.
Read More
A Look at the $3 Billion in Altcoin Unlocks Set to Hit the Market in July
Sui Is Building a Skyscraper on a Shaky Price Foundation
- Sui’s developer growth hit 54%, defying a 20% contraction in the broader crypto market
- Sui’s yearly developer growth of 16.1% puts it in direct competition with top rival Solana
- The SUI token price is down 49% from its all-time high, creating a disconnect with developer growth
The Sui blockchain is presenting a stark paradox to the crypto market: while its developer community is experiencing explosive growth that defies the industry’s downturn, its native SUI token has failed to capture similar momentum, struggling to regain its footing.
This divergence between fundamental ecosystem health and market valuation tells two very different stories about the high-performance Layer 1 network.
Developer Growth Defies a Shrinking Market
Data highlights an impressive surge in developer activity on Sui. Over the past two years, the project’s developer community has expanded by 54%. This stands in sharp contrast to the broader crypto market, which saw its total number of active developers decline by 20% over the last year.
Sam Blackshear, the co-founder and CTO of Mysten Labs, emphasized this trend, noting that virtually all major Ethereum Virtual…
The post Sui Is Building a Skyscraper on a Shaky Price Foundation appeared first on Coin Edition.
Read More