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

Advanced3/10/2025, 4:36:12 AM
Download the Full Report (PDF)
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)



Gate Research
Gate Research is a comprehensive blockchain and crypto research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.

Click the Link to learn more

作者: Ember
译者: Panie
审校: Mark、Edward、Wayne、Evelyn、Elisa
译文审校: Ashley、Joyce
* 投资有风险,入市须谨慎。本文不作为 Gate.io 提供的投资理财建议或其他任何类型的建议。
* 在未提及 Gate.io 的情况下,复制、传播或抄袭本文将违反《版权法》,Gate.io 有权追究其法律责任。

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

Advanced3/10/2025, 4:36:12 AM
Download the Full Report (PDF)
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)



Gate Research
Gate Research is a comprehensive blockchain and crypto research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.

Click the Link to learn more

作者: Ember
译者: Panie
审校: Mark、Edward、Wayne、Evelyn、Elisa
译文审校: Ashley、Joyce
* 投资有风险,入市须谨慎。本文不作为 Gate.io 提供的投资理财建议或其他任何类型的建议。
* 在未提及 Gate.io 的情况下,复制、传播或抄袭本文将违反《版权法》,Gate.io 有权追究其法律责任。
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