VanEck Depth Report: Predicting SUI to reach 16 Magnesium and APT to soar to 22 Magnesium by 2025

Please note that VanEck holds Sui (SUI) and Aptos (APT), this article is from Patrick Bush, an article written by VanEck, organized, compiled and written by Foresight News. (Background: Comprehensive analysis: Sui vs. Aptos, who is the first public chain of the MOVE system?) We have compared Sui and Aptos in terms of blockchain performance, scalability, ecosystem, and transaction advantages, and predicted that by the end of 2025, the price of SUI will reach $16, and APT will reach $22. Please note that VanEck holds Sui (SUI) and Aptos (APT). Sui and Aptos: Origins and Overview We have previously discussed the potential of Ethereum and Solana to attract billions of users to the encryption field. Although both ecosystems are very attractive, they represent early blockchain technologies. Since their birth, a new generation of blockchains has emerged to break through the limitations of these systems, including Aptos and Sui founded by former members of the Facebook blockchain project Diem. Diem once tried to build a Stable Coin payment system for the Facebook social media platform, but it was shelved due to regulatory pressure. However, its technical experiments have driven significant breakthroughs in the blockchain field. The most important legacy of Diem is the Move smart contract programming language-optimized for early smart contract languages such as Ethereum Solidity and Cardano Haskell, based on the Rust language, which is used by 4.3 million developers worldwide and has the third fastest growth rate. Aptos and Sui both use Move to build a faster, safer, and more intuitive development environment for developers. Move also helps the virtual machines (VMs) of both parties achieve faster transaction confirmation speed (the time users get confirmation) and higher throughput (volume processed by the system per unit time). The potential of Move is so great that the total market cap of blockchains based on Move has soared from about $5 billion to $22 billion in a year. Core comparison dimensions Blockchain performance and scalability Ecosystem Transaction experience Tokenomics Valuation model 2025 price forecast Conclusion and investment risk The importance of the Move language is to provide a more user-friendly entry point for developers. The size of the encryption developer community is extremely small-the number of full-time developers at Meta (Facebook) even exceeds the entire encryption industry. By providing a more user-friendly and efficient language, Move is expected to attract a wider developer community and promote experimentation and innovation. This kind of innovation is crucial for discovering and promoting "killer applications" that are widely adopted. We see blockchain as an innovative experimental platform, and its high valuation comes from its ability to nurture applications with billions of users. As no one knows how the next breakthrough application will emerge, attracting as many developers as possible for experimentation is crucial. Aptos and Sui combine Move virtual machines with advanced consensus mechanisms to ensure efficient verification of transactions on the network. This cutting-edge virtual machine, combined with consensus protocols, forms the technical cornerstone, providing performance beyond the previous generation of blockchain systems. Before the limitations of innovative proofs such as Solana's Firedancer, Sui and Aptos represent the pinnacle of blockchain technology. Aptos set a record of 326 million transactions in a single day (13,300 TPS) on 10/18/2024. Peak daily transactions on various blockchains Data source: Artemis XYZ (as of 12/19/2024) Sui and Aptos provide key blockchain technology that can serve hundreds of millions of users. Both of them are better than Solana (in exchange for scalability) and Ethereum (in exchange for rigid technical bureaucratic governance and lagging technology) in simplifying the development process and ensuring security. At the tactical level, Sui and Aptos provide a better experience for the current core use cases of encryption (speculation and value transfer); at the strategic level, they lay the foundation for non-speculative applications such as AI agents, social media, and cloud services. Although the form of future phenomenal applications is still unknown, Sui and Aptos have already demonstrated strong potential to attract the next generation of blockchain users. But what exactly makes these systems so outstanding? Which is superior and inferior? Sui vs. Aptos: Blockchain Performance and Scalability Although sharing the genetic code of the Move language, the blockchain architectures of the two reflect different design philosophies. Each network uses a customized version of the Move language, tailored to optimize transaction processing. When transactions are sent to the blockchain, they carry information about the database to be modified (i.e., "state"). Blockchain engineers refer to these database updates as "state changes." Most blockchains use a hierarchical verification mechanism: a single validator acts as a temporary "leader," responsible for receiving transactions, verifying their validity (checking signatures, preventing double spending), sorting and executing them, and updating the state. The generated transaction block is broadcast to other validation nodes. When more than two-thirds (66%) of validators reach consensus, the blockchain enters the next block processing. The blockchain architecture can be divided into two core components: 1. Transaction processing and block building - Verify the authenticity of transactions - Ensure that account balances are sufficient - Execute smart contracts - Update the blockchain ledger 2. Network communication and state synchronization - Broadcast transaction blocks to the entire network - Synchronize ledger changes to ensure that all validators have consistent states - Resolve conflicts in the ledger reconciliation process Increasing throughput requires increasing block capacity or optimizing data processing efficiency. Sui and Aptos break through technical boundaries in different ways by customizing the Move language. Blockchain transaction throughput = Block size × Block processing speed Both are committed to optimizing data processing scale and transmission speed. By analyzing the design differences in the "transaction processing and block building" phase, we reveal their respective advantages and trade-offs. Blockchain technology analogy: Restaurant operation optimization Blockchain = Restaurant: Provides infrastructure and environment Users = Customers: Interact with the system through "ordering" (transactions) Transactions = Orders: Specific requests initiated by users On-chain applications = Waiters: Deliver orders to the kitchen (validators) and return processing results Leader validators = Kitchen: Process orders (verify and execute transactions) and produce results (state changes) State changes = Dishes: Processed transaction results In this analogy, the technical improvements of Sui and Aptos are like optimizing restaurant operations-accelerating kitchen efficiency, improving waiter coordination, and ensuring precise and fast order processing. Ethereum: Slow-paced restaurant Ethereum adopts a single-threaded state update mechanism, which requires accumulating transactions over a long period of time to form a block. Its block capacity is small, operations are limited, and transactions must be processed sequentially-even involving different parts of the state...