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.
These terms suggest that Sui has the potential to outperform Solana and even Ethereum in the future. However, these are speculative labels, and while Sui shows great potential, dethroning well-established blockchains like Ethereum will be a significant challenge.
While Bitcoin has delivered massive gains since its inception, Sui is a newer cryptocurrency with unique potential. Sui has nearly doubled in value this year, outperforming Bitcoinβs 50% growth, and has significant room to grow in the Layer-1 blockchain ...Read more
Sui is a Layer-1 blockchain network that competes with platforms like Ethereum and Solana. It has gained attention for its fast transaction speeds and growing ecosystem, positioning it as a potential leader in the blockchain space.
Suiβs Web3 handheld gaming device is expected to launch in the first half of 2025. Preorders for the $599 device began in early September 2024.
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.
Currently, VTAP is focused on the Ethereum blockchain for issuing fiat-backed tokens, but Visaβs blockchain initiatives could potentially expand to other networks in the future.
The first live pilot of VTAP, in collaboration with BBVA, is expected to roll out in 2025.
Visa has a strong background in blockchain and digital assets. For instance, in March 2021, Visa processed cryptocurrency payments in the form of USDC stablecoin transactions on the Ethereum network, showcasing its early adoption of blockchain-based payments.
VTAP allows banks to leverage blockchain technology to streamline and automate traditional processes. It reduces settlement times and offers the potential for more efficient handling of asset exchanges, especially for commodities and bonds.