AI Summary
- VanEck has published a new report on Sui Network and Aptos, believing that both tokens are aiming for higher valuations in 2025.
- According to VanEck, based on metrics and data available to the firm, Sui’s token price may reach $16 by the end of 2025 while APT can hit $22.
- On October 13, 2023, Sui pledged 157M SUI tokens to incentivize the growth of its ecosystem.
- While Sui has spent more than Aptos in dollar terms, we estimate Aptos has allocated slightly more of its token supply than Sui (0.9% vs.
VanEck has published a new report on Sui Network and Aptos, believing that both tokens are aiming for higher valuations in 2025.
According to VanEck, based on metrics and data available to the firm, Sui’s token price may reach $16 by the end of 2025 while APT can hit $22.
VanEck has reported that both networks will have substantial growth thanks to their growing ecosystems, community, and wider market growth.
VanEck predicts future prices for Sui and APT
Investment firm VanEck, which also delves into ETF and mutual fund management, has released a new report on the profitability and future prices of Sui and Apots (APT).
According to the firm, Sui’s native token may reach $16.00 by the end of 2025 while Aptos’s native APT token may reach $22, taking into consideration use cases, token supply, communities, and ecosystems.
VanEck has highlighted that Sui network has pushed for ecosystem growth over the past year with incentives for DeFi users and decentralized application creators.
The go-to market for attracting developers for Sui and Aptos has been to offer substantial incentives for builders to come to each chain. For example, on October 13, 2023, Sui pledged 157M SUI tokens to incentivize the growth of its ecosystem.
According to the report, VanEck concludes that Sui has awarded around $70 million in incentives since 2024, worth $300 million at the time of publication.
Similarly, Aptos has also incentivized users and growth on the network, dedicating more tokens to encourage faster growth than Sui.
We estimate that Aptos spent over 10M APT worth around $100M to incentivize its DeFI ecosystem. While Sui has spent more than Aptos in dollar terms, we estimate Aptos has allocated slightly more of its token supply than Sui (0.9% vs. 0.7%).
Sui vs Aptos
Based on Google search interest, TVL, and active developers, VanEck concluded that Sui network’s community growth has come along further than Aptos’s.
Despite this, the paper mentions that both networks are still far from legacy blockchain network communities such as Ethereum and Solana.
From the report:
While Sui averaged 280 weekly active developers in 1H2024, Aptos recorded 272. These figures compare to Ethereum, which had 3,300, and Solana, which had 1,200. Together, Sui and Aptos builders represent less than 4% of all active developers in crypto.
The paper concluded with a strong price prediction for both chains, rallying both communities on crypto Twitter and in their respective communities on-chain.
VanEck has been a longtime supporter of the cryptocurrency industry and has even changed its profile picture on Twitter/X to a Pudgy Penguin NFT.
