Technical Breakthroughs in a Bear Market: Sui's Daily Active Users Crush Ethereum, Sei Pumps in BlackRock, Solana Holds Major ETF Move

In the Bear Market, there are still people making a fortune quietly. The three chains, Sui, Sei, and Solana, have recently become the focus of discussion in the industry—not because of strong coin prices, but because their technical data and institutional actions are quite impressive.

The growth rate of developers on Sui has left many established public chains behind, with daily active users reaching three times that of Ethereum, and TVL steadily above $2 billion. But the performance of the token SUI this month? It has been halved, dropping by 44%.

Sei focuses on the word “fast”—transactions can be confirmed in 400 milliseconds, a speed that even traditional financial giants like BlackRock are starting to take notice of. However, the price of SEI is currently hovering around $0.161, with a monthly decline of 44%. A tale of two extremes.

Looking at Solana again, TPS can reach over 65,000, and recently it has even introduced ETF, a traditional financial product. Although the price has also corrected by 20.7% within a week, dropping to around 155 USD, at least in terms of “making it accessible to more people”, it has found a balance.

Some analysts say that the future will be a multi-chain coexistence pattern, where companies will not be competing to the death, but may instead band together for collaborative innovation. It sounds quite idealistic, but the technological routes are indeed diversifying—some are focused on speed, some are building ecosystems, and some are collaborating with institutions. The market will vote with its feet.