Sui can process up to 297,000 transactions per second, making it one of the fastest blockchain networks. For comparison, Solana processes around 65,000 transactions per second.
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Banks using VTAP will be able to purchase tokenized real-world assets (RWAs) such as commodities or bonds. These transactions will benefit from near-real-time settlement facilitated by the fiat-backed tokens.
VTAP is a new product developed by Visa that helps banks issue fiat-backed tokens on the Ethereum network. It aims to digitize and automate existing processes through smart contracts, enabling the exchange of real-world assets (RWAs).
Sui’s market cap is around $4.5 billion, while Ethereum’s is roughly $310 billion. If Sui were to eventually surpass Ethereum, it would represent an 80x increase in market cap, based on today’s values.
Like Sui, Solana has ventured into Web3 hardware with products like the Saga mobile phone and the Seeker Web3 device. Sui’s SuiPlay0x1 handheld gaming device will join these offerings, helping attract new users, developers, and investors to the blockchain ...Read more
The first live pilot of VTAP, in collaboration with BBVA, is expected to roll out in 2025.
Analysts believe Sui could replicate the rapid growth of Solana, which surged by more than 900% in 2023. While Sui shows promise, there are no guarantees in the volatile crypto market, so potential investors should be cautious.
VTAP uses fiat-backed tokens to represent real-world assets like bonds and commodities, making them easier to trade and settle on a blockchain platform, with faster and more efficient processes through smart contracts.
Total Value Locked (TVL) measures the total dollar value locked or staked within a blockchain. Sui’s TVL is nearing $1 billion, placing it in the top 10 blockchain ecosystems. This growth shows increasing interest from users and developers.
Ethereum (ETH) is currently trading at $3,250.41, reflecting a slight decrease of approximately 4.37% from the previous close. Recent developments suggest a positive outlook for Ethereum: Regulatory Environment: The inauguration of President Donald Trump, known for his pro-crypto stance, is anticipaRead more
Ethereum (ETH) is currently trading at $3,250.41, reflecting a slight decrease of approximately 4.37% from the previous close.
Recent developments suggest a positive outlook for Ethereum:
Price predictions for Ethereum vary among experts. Some forecasts suggest a potential increase to $3,239.18 in the near term, while others anticipate a rise to $5,789 by 2025, with estimates ranging from $2,200 to $11,411.
In summary, Ethereum’s trajectory appears promising, supported by a conducive regulatory environment, favorable market trends, and ongoing technological improvements. However, as with all investments, it’s essential to conduct thorough research and consider potential risks.
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