As market volatility calms down in recent weeks, analysts are once again focusing on the fundamental performance of two controversial cryptocurrencies from last year, TON Coin and SUI. Despite price corrections, analysts believe TON Coin and SUI are still considered some of the most promising new-generation blockchains. However, in the competition between these two, which one has performed better? And which one has higher growth potential for 2025? Initially, TON seems stronger with a current price of $2.94 and a market cap of $7.38 billion compared to SUI, trading around $2.08 with a market cap of $6.77 billion, but network details present a different picture. Currently, the Total Value Locked (TVL) of the TON blockchain has dropped to $148.55 million, while its peak last summer was around $772 million. The trading volume of decentralized exchanges on this network has also decreased significantly from $192 million in November to only $6.42 million, indicating a notable demand decline. On the other hand, the current $1.25 billion TVL of the SUI blockchain shows there is still a high level of user participation in this ecosystem. The trading volume of decentralized exchanges on this network remains around $470 million, indicating user activity and dynamism. In terms of price performance, both cryptocurrencies have experienced a decrease from their historical highs. According to market data, TON has dropped by about 64% and SUI by almost 61%, but an interesting point is that SUI is still in an upward trend. Overall, despite Telegram’s support for TON, weaknesses in the project’s strategies and excessive focus on unstable utility applications have hindered its long-term growth. In contrast, SUI with better user activity and project development has a bright future outlook, provided it can maintain its upward trend in the next market cycles. On the other hand, SUI with better user activity and project development has a bright future outlook, provided it can maintain its upward trend in the next market cycles.
