Many have mentioned SUI as being the next Solana, but can it really compete? And what are the things to consider for SUI before buying the token? This was covered by FireHustle in a 12-minute video. Let’s look at the details of the video and what the analyst thinks about the future of SUI and Solana.
In the video, FireHustle laid it out plainly that Sui is backed by big names and serious capital. Right now, SUI holds a market cap over $12 billion, with more than $2 billion in total value locked across its ecosystem. We are seeing products like the Grayscale Sui Trust and VanEck’s SUI ETF, and even Microsoft has entered the picture with partnerships.
All this sounds bullish. But the video goes beyond the surface and asks what Sui is actually made of. Because before jumping in, it’s important to know what powers this blockchain and what risks come with it.
SUI was developed by Mysten Labs. It is designed as a fast, developer-friendly blockchain that stands out for using Move, a smart contract language originally created at Meta. Move makes it easier to build safer apps while allowing a new kind of architecture where every asset is treated as a unique object.
This lets the Sui network handle thousands of transactions per second with confirmations in under one second. The goal is to support gaming, NFTs, and DeFi at scale. Compared to Ethereum or even Solana, Sui wants to offer speed and simplicity without losing security.
But FireHustle doesn’t stop at the tech. They dive into the deeper issues that many new investors might miss.
What you'll learn 👉
FireHustle Breaks Down the Real Concerns
According to the video, the biggest red flag is the token unlocks. Right now, only about 35% of SUI’s 10 billion tokens are in circulation. Every month, around 44 million tokens are unlocked, worth close to $150 million. These go to insiders, team members, the SUI Foundation, and reserves.
This constant release of new tokens creates sell pressure. If demand from new users and institutions doesn’t keep up, it could hold the SUI price down. And this happens every month. The next major unlock is coming on August 1st.
FireHustle also highlights another major issue: centralization. Analyst Justin Bonds points out that insiders control over 80% of the staking supply. Early investors hold most of the tokens. Even worse, 52% of the total supply is sitting with custodians like BitGo and Coinbase Prime, with no clear transparency on ownership or vesting terms.
This opens up the risk of a small group making decisions that affect everyone else. If they sell or shift control, it could hurt the community and crash the SUI price.
Earlir this year, $223 million was stolen from Cetus, a DeFi platform built on SUI. Although most of it was recovered, it exposed a serious gap in smart contract safety. FireHustle noted that while patches were made and audits improved, it reminded us how fast-moving chains can sometimes miss basic protection.
One major hack can drain liquidity and hurt investor trust. For a young blockchain like SUI, that kind of hit is hard to ignore.
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Competition Is Getting Tougher for SUI
FireHustle doesn’t just talk about Sui in isolation. The video puts it in context with the broader market. Ethereum is still the leader, with a market cap that is 30 times larger. Solana is 8 times bigger. Then you have other strong players like Aptos and Avalanche.
To break through, SUI needs a real standout use case. Right now, its ecosystem is growing but it lacks a killer app. Solana made a name for itself through meme coins and niche AI agents. Ethereum dominates DeFi. But Sui doesn’t yet have a flagship product that defines its identity.
Developer Growth Comes with a Learning Curve
One of Sui’s strengths is also a barrier. Move is not yet widely adopted. Most blockchain developers are familiar with Solidity, JavaScript, or Rust. Asking them to learn a new language takes time and effort.
FireHustle says this is one reason why developer adoption has been slower. The easier it is to build, the faster the ecosystem grows. And right now, SUI is still catching up.
Despite the concerns, FireHustle does not write off Sui entirely. In fact, the video takes time to respond to each of the six major risks and shows that progress is happening.
On the token unlocks, FireHustle checks the charts and shows that while some sell pressure follows unlock dates, it hasn’t caused major drops yet. Centralization is still a big issue, but the SUI Foundation has made some commitments to grow circulating supply and improve governance.
When it comes to security, the Cetus hack was serious, but the quick recovery and focus on audits have helped rebuild confidence. And though competition is tough, Sui has tech advantages like parallel processing and ZK login features that could give it an edge.
The ecosystem is small but growing. Daily transactions, active wallets, and on-chain volumes are trending up. And developer education around Move is slowly helping more projects get started.
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So Is SUI the Next Solana?
FireHustle leaves the final call up to you. They say SUI is not there yet, but it is making real moves. The technology is solid. The backing is strong. The challenges are real but not impossible.
If the right app comes along, or if adoption takes off, SUI price could rise significantly. But investors need to go in with full awareness of the risks. This is not about hype. It’s about making smart, well-informed decisions.
At the end of the video, FireHustle encourages viewers to stay updated, do their research, and avoid blindly following hype online. SUI could become a big deal, or it could struggle under the weight of its own design.
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