2025-04-18 03:13:00 by The Coin Republic

SUI crypto and TON coin were arguably the most promising newer cryptocurrencies in 2024. Both have been significantly discounted from their peak prices last year but which of the two is the better bargain? To fully understand the scope and potential of SUI crypto and TON coin, it is best to explore how their blockchains are doing. For that, we will look at some of the key performance metrics underpinning the two blockchains. Starting off with the TON blockchain, its stablecoin marketcap topped out at $1.42 billion in February 2025. The TVL soared as high as 772.91 million in July 2024. Stablecoin count was down to $948.5 million and TVL hovered at $148.55 million in the last 24 hours. TON chain TVL, stablecoin MCAP and DEX volume/ source: DeFiLlama TON DEX volume also tumbled considerably from as high as$192.63 million at its peak in November, to $6.42 million in the last 24 hours. Meanwhile, the Sui blockchain’s TVL peaked at $2.20 billion in early January. It has since cooled down to $1.25 billion as of 17 April. Its stablecoin marketcap clocked a new ATH at $802.5 million in the last 24 hours. SUI chain TVL, stablecoin MCAP and DEX volume/ source: DeFiLlama Interestingly, SUI crypto’s DEX volume remained robust despite the recent disruptions in the market. For context, its peak volume clocked in at almost $1 billion towards the end of March. It then hovered around $472.54 million in the last 24 hours. SUI crypto VS TON coin: Which performed better than the other? TON exchanged hands at $2.94 at press time. That is equivalent to a 64.4% discount from its historic high achieved in June last year. TON coin’s marketcap hovered at $7.38 billion at the time of observation, which was equivalent to a52.09% dip but was still up by about 608% from its historic lows. Meanwhile, SUI crypto exchanged hands at $2.08 at press time, which was equivalent to a 61% discount from its January 2025 peak. SUI crypto had a $6.77 billion marketcap at the time of observation, which was down 67.7% in the last 12 months but only up 21.49% from its historic lows. On paper, TON coin might appear to be the more valuable of the two based on its higher price tag and marketcap compared to SUI crypto. However, the latter’s lower marketcap may signal more room to grow. Also, TON coin’s sell pressure kicked off in June and failed to push to new highs after the November rally. This signals weaker demand for the cryptocurrency compared to its counterpart SUI token whose price soared to new historic highs just this year. TON’s underperformance in the last 6 months may reveal some interesting aspects regarding TON blockchain adoption. Sui Network Outshines Ton Blockchain in Terms of Utility Sui blockchain’s higher DEX volume reveals that it is the superior of the two as far as utility was concerned. However, its dominance goes beyond just the DEX volume. Pseudonymous X-based analyst @TheSimpleVenom noted that TON blockchcian and TON coin performance may be rooted in the network’s strategy. The latter was mostly based on Telegram-based projects which were not generally rooted in longevity. The TON blocckchain was also criticized because its developers allowed projects without proper checks on their legitimacy. Meanwhile, Sui blockchain projects have performed much better, with a bit of a more serious focus. Sui network’s stronger performance may fuel more utility and demand for the SUI crypto compared to TON coin and its native blockchain. However, this is subject to whether TON chain can pull off a strong comeback in the next bullish phase of the market. This is because it has the advantage of being backed by one of Telegram, one of the most successful global social networks.