Gate Research: The Race Among Move-based Blockchains - A Deep Dive into the Competition and Ecosystem Development of Sui and Aptos

3/10/2025, 4:36:12 AM
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With the similar backgrounds of Sui and Aptos, the debate over which will emerge as the leader in the Move-based blockchain space continues to heat up. This report takes a data-driven approach to explore the overall performance of the Sui and Aptos ecosystems in 2024. It covers key aspects such as network performance, user growth, capital inflows, ecosystem development, and token performance, providing a comprehensive analysis of their progress.

Abstract

  • In terms of TPS data, Sui’s theoretical performance is higher. However, Aptos generally has lower transaction fees, while Sui’s Gas fees can be relatively higher in certain transaction scenarios.
  • By the end of 2024, Sui’s monthly active users reached 8.3 million, while Aptos reached 10 million, with Aptos’ daily active users continuously growing, demonstrating higher user stickiness.


  • Sui’s TVL peaked at $2.3 billion in 2024, while Aptos reached a peak of $1.3 billion in December 2024.
  • Sui reached a daily transaction peak of 58.4 million transactions in 2024, while Aptos set a single-day transaction record of 326 million transactions in August 2024.
  • Sui set a daily Gas fee income record of $160,000, while Aptos’ highest record was $100,000. Additionally, Aptos’ daily average Gas fee income in 2024 was consistently at a lower level.
  • By January 10, 2025, Sui’s net capital inflows in the past year reached $1.16 billion, while Aptos experienced a net outflow of $3.5 million.

  • By the end of 2024, Aptos’ stablecoin market cap reached $633 million, while Sui’s stablecoin market cap was $370 million.

  • In 2024, SUI’s price performance was strong, with a full-year increase of 500%, repeatedly breaking historical highs. In contrast, APT’s price growth was more moderate, with the price even retreating at the end of the year and failing to set new historical highs.
  • Aptos’ ecosystem projects (187) significantly outnumbered Sui’s (86). Sui’s users are mainly concentrated in areas like social and gaming, and it briefly attracted some capital through Meme coins, but the enthusiasm did not last. Aptos, on the other hand, focused on RWA and BTCFi, attempting to expand its ecosystem by introducing more assets.
  • Sui’s decentralized exchange (DEX) transaction volume reached a peak of $674 million in 2024, while Aptos’ highest daily transaction volume was $86.9 million.
  • In the Sui ecosystem, 7 DeFi protocols had a TVL of over $100 million, while Aptos had only 5. Additionally, Sui’s tokens performed better in market cap rankings, with multiple tokens entering the top 1,000, while Aptos’ tokens were mainly ranked outside the top 1,000.

    (Click below to access the full report)



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Author: Ember、Addie
Translator: Panie
Reviewer(s): Mark、Edward、Wayne、Evelyn、Elisa
Translation Reviewer(s): Ashley、Joyce
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.
* This article may not be reproduced, transmitted or copied without referencing Gate. Contravention is an infringement of Copyright Act and may be subject to legal action.

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