Potential Reason Why This Cryptocurrency May Achieve Notable Success Similar to Ethereum's Path
In the rapidly evolving world of blockchain technology, three new players are making waves: Solana, Sui Network, and Avalanche. These layer-1 blockchains, developed by teams of former Meta and Qualcomm engineers, are aiming to address Ethereum's bottlenecks such as network congestion and high gas fees.
Solana: Innovative Timekeeping for Speed
Launched in 2020 by Anatoly Yakovenko, Solana uses a unique combination of Proof of Stake (PoS) and Proof of History (PoH) for faster transaction processing. This approach enables high throughput, with theoretical speeds of up to 65,000 transactions per second (TPS), and fast finality with very low fees. Solana's architecture focuses on a single global state for all transactions and leverages parallelism at the hardware level.
Despite its speed, Solana faces some concerns around network outages and centralization risks. However, its ecosystem maturity and liquidity support broad DeFi, NFT, and gaming applications, with developer tools largely compatible with Rust and C. Solana has an active developer community, with investments in hackathons and incentive programs, and has been home to popular NFT collections [1][4][5].
Sui Network: Rethinking Transaction Processing
Sui Network, developed by Mysten Labs, adopts an innovative object-centric, parallel execution model powered by the Move programming language. This approach fundamentally rethinks how transactions are processed—tying them to object ownership and allowing massive parallelism. Sui targets ultra-high throughput (~100,000+ TPS theoretical) and extremely fast finality (~100 ms), offering low costs and scalability optimized for gaming and micro-asset use cases.
However, Sui requires developers to rewrite applications in Move, which differs from Ethereum’s EVM. This presents a tradeoff between innovation and ecosystem compatibility. Sui benefits from backing by major investors and partnerships, including Microsoft, aiming for a balance of usability, scalability, and security via its Byzantine Fault Tolerant consensus variants [1][2][5].
Avalanche: Balancing Speed and Decentralization
Avalanche, launched by Ava Labs in 2020, employs a novel consensus mechanism called Avalanche consensus, which combines classical consensus and gossip protocols to deliver high throughput (~thousands of TPS), sub-second finality, and strong decentralization. It supports the Ethereum Virtual Machine (EVM), enabling easy porting of Ethereum dApps.
Avalanche's consensus protocol is an optimized variant of Proof of Stake, enabling unprecedented scalability without compromising decentralization. The blockchain has a multi-chain architecture composed of three interoperable blockchains, allowing it to reach speeds of up to 4,500 TPS with transaction finalization times of less than a second [3].
Collaboration and Interoperability
Solana, Sui Network, and Avalanche are collaborating with other networks and exploring interoperability as a key value. They are attracting large projects, developers, and institutional investors due to their robust infrastructure and focus on accessibility and efficiency.
Comparing the Three Blockchains
| Aspect | Solana | Sui Network | Avalanche | |-----------------|-------------------------------|----------------------------------------------------------------|------------------------------------------------| | Scalability | High TPS via PoH + PoS; hardware-level parallelism | Extreme throughput via object-based parallel execution; Move language enables fine-grained concurrency | High TPS and subnet scaling via Avalanche consensus and customizable blockchains | | Finality | ~1 second | ~100 milliseconds | Sub-second finality | | Security | PoS with PoH, but some centralization concerns | Byzantine Fault Tolerant consensus; object model reduces contention | Strong consensus with robust decentralization | | Decentralization | Moderate; faster but some validator hardware needs | Designed for decentralization but tradeoff with new programming model | High, with multiple subnets maintained by different validator sets | | Developer Ecosystem | Mature; Rust, C; growing but EVM incompatible | Requires Move language rewrite; new composability model | EVM compatible; easier for Ethereum devs | | Use cases | DeFi, NFTs, gaming | Gaming, microtransactions, novel dApps | DeFi, enterprise use, scalable dApps |
All three aim to overcome Ethereum’s limited TPS (Ethereum mainnet ~15 TPS), slow finality, and high fees, but with different trade-offs in developer experience and architectural complexity. Solana leverages innovative timekeeping for speed, Sui reinvents execution and data ownership for concurrency, and Avalanche adopts a novel consensus that balances speed and decentralization while retaining EVM compatibility [1][2][3][4][5].
Growing Communities and Partnerships
Solana, Sui Network, and Avalanche have built solid communities with various education programs, scholarships, and global hackathons. Solana has over 2,000 active projects as of July 2025, while Sui Network's monthly growth rate is 12% as of the latest data.
Avalanche's token AVAX is among the top 20 most capitalized in the market, and it has been adopted by financial institutions and governments for real-world asset tokenization projects and facilitates the migration of dApps due to its compatibility with Ethereum.
In conclusion, Solana, Sui Network, and Avalanche are making significant strides in addressing Ethereum's scalability, security, and decentralization challenges, each in its distinct way. As they continue to grow and attract more developers and projects, the future of blockchain technology could see a more diverse and competitive landscape.
[1] Solana Whitepaper: https://solana.com/whitepaper.pdf [2] Sui Network Whitepaper: https://sui.io/whitepaper/ [3] Avalanche Whitepaper: https://docs.avax.network/avalanche-documents/whitepaper [4] Solana Developer Documentation: https://docs.solana.com/ [5] Sui Network Developer Documentation: https://docs.sui.io/ [5] Avalanche Developer Documentation: https://docs.avax.network/build/develop/development-resources/developer-documentation
- Solana, Sui Network, and Avalanche are not only addressing Ethereum's bottlenecks in the financial sector with their advanced technology, but they are also broadening the use of blockchain beyond finance, supporting applications in DeFi, NFT, gaming, and even enterprise use cases.
- As these layer-1 blockchains continue to grow and mature, they are forging partnerships and collaborations to further enhance interoperability and create a more competitive and diverse ecosystem in the blockchain industry.
