Aptos | APT vs SUIThe price of Aptos is $10.7 today with a 24hour trading volume of 128 million dollar. This represents a 7% price increase in the last 24 hours and a 6% price increase in the past 7 days
With a circulating supply of 190 Million APT, and YES we back to 2 billion dollar Marketcap. now lets compare SUI and APTOS
Both Aptos and Sui blockchains are designed to address the scalability and efficiency issues faced by the current generation of blockchain networks. They both implement one of the most advanced programming languages – Move, utilize parallel execution for high throughput, and offer low latency. These similarities make them attractive options for businesses looking to build blockchain-based applications. The language used for parallel execution in both Aptos and Sui is Move, which is based on Rust and was initially designed at Meta. The language offers powerful tools and features to build smart contracts and decentralized applications. However, Sui has its own version of the language.
Aptos follows the standard design outlined in Diem’s whitepaper, while Sui has a slightly different object model. Sui’s storage system is object-centric, which means that most things on the blockchain, including addresses and transactions, are represented as objects.Sui’s version of Move clearly indicates when an object is owned, shared, mutable, or immutable, whereas Aptos does not. Additionally, Sui’s ownership API is cleaner than Aptos’s, as it provides a clearer representation of the blockchain design
Sui and Aptos differ significantly in their architecture, particularly in how they utilize distributed ledger technology. Sui’s ledger is stored as a directed a cyclic graph rather than a blockchain like Aptos. While both designs are efficient and share similarities with traditional blockchains, their differences are essential to their consensus mechanism and scalability.aptos has a modular architecture that enables easy upgrades and customizations, while Sui focuses on a multi-layered architecture to separate the consensus, storage, and computation layers. This allows for improved scalability and flexibility in the network.The ecosystems are very different and extensive in both projects. Every day there is something new to discover at both chains. It’s hard to pick out an outsider and a favorite. Aptos blockchain got its popularity before Sui, but at the moment, judging by the number of followers on Discord, Sui is overtaking Aptos.
After a surge in the popularity of Aptos several months ago, many various projects were created and launched exactly using that blockchain. During the year 2022, over 100 projects were developed using Aptos network.the most popular projects built over Aptos include Pontem (a universal wallet) and Pyth (a modern oracle). Aptos boasts a growing ecosystem of tools, libraries, and developer resources, while Sui’s ecosystem is relatively nascent but has the potential to grow rapidly as more developers join the network.as for Sui, the mainnet of the network will only be launched in Q2 2023 and the testnet was launched in the last days of March 2023. Thus, the majority of the project is now TBA. One of the most remarkable Sui projects so far is Sui wallet. Still, the Sui blockchain has great potential to overtake Aptos due to its scalability level.
Aptos and Sui are two blockchain ecosystems with different approaches to their tokenomics. Aptos has released an overview of their tokenomics for their native token APT, but additional information is expected to be published soon. APT is currently used for PoS participation and liquidity incentives, with an initial supply of 1 billion tokens. The majority of the initial supply is currently staked for PoS participation, with the remaining tokens allocated to different categories.
On the other hand, Mysten Labs has published an in-depth whitepaper on the native token of Sui, SUI. SUI will be staked within an epoch to participate in the proof-of-stake mechanism and on-chain voting. Additionally, SUI will be used as the asset denomination to pay for gas fees and other operations on the Sui platform, with a total supply of 10 billion tokens. The exact allocation percentages for the distribution of tokens have not been released, but the presence of the storage fund can create monetary dynamics and reduce the amount of SUI in circulation.
In conclusion, both Aptos and Sui have their unique selling points and hold great potential for businesses looking to adopt blockchain technology. However, Sui and Aptos are rapidly developing ecosystems, they’re still pretty ‘young’ compared to other big players in the industry. Thus, they are definitely expected to settle all security audit issues soon.
