Interesting performance of the crypto SUI and Solana

Today, in particular, we analyze SUI and Solana, also precisely because they can be considered partially as competitors of Ethereum. 

For now, Ethereum remains the undisputed leader in the DeFi sector, but SUI and especially Solana have come very close to it recently. 

Crypto analysis: the performance of Solana (SOL)

Starting particularly from the end of 2023, Solana began to pose significant competition to Ethereum as the main blockchain for launching memecoin.

In fact, during 2024, and especially after the announcement of the launch of the official Trump memecoin in January 2025, Solana seems to have definitively taken the crown from Ethereum as the main blockchain for the launch of memecoin.

In July 2023, the TVL on Solana was below 300 million dollars, compared to even 26 billion of Ethereum. The gap was astronomical then.

However, by July 2024 the gap had significantly narrowed, with Ethereum rising above 50 billion and Solana jumping above 4. Practically in one year, the TVL in DeFi on Solana had more than tenfolded.

The gap has further narrowed over the course of 2025, so much so that now the TVL on Solana has risen to almost 10 billion, while that on Ethereum has risen to 83. Therefore, after a x10 in 2024, the TVL on Solana has marked an additional x2 in 2025. 

All this has also had a strong impact on the price of SOL, the native cryptocurrency of Solana, but with a non-linear trend. 

The trend of the price of the crypto Solana (SOL)

In July 2023, the price of Solana crypto was about $25.

At the end of the year, however, a strong bull run began, which ended up bringing it back to almost $200 in the early months of 2024, against a historical high that was still around $240 at that time.

This boom is primarily due to the memecoin market, which literally exploded on Solana in 2024 at the expense of Ethereum. 

In September, the price of SOL had then fallen below $130, but with the Trump-trade in November, it started to rise again, marking new all-time highs in January, coinciding with the announcement of the launch of Trump’s memecoin, at nearly $300.

However, the memecoin market is absolutely one of the most volatile, and as soon as it started to decline, the price of SOL fell to almost $100 in April of this year. 

However, it should not be forgotten that, although individual memecoins often follow the classic pump&dump path, the memecoin market in general tends to recover sooner or later. 

And so the price of SOL has also risen again, although it remains 37% below the all-time high of January. At this moment it is still below $200, but last week it already made a brief visit above that figure. 

In case of a strong recovery in the memecoin market, it is possible that the price of Solana could also manage to update its all-time highs once again. 

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The SUI Ecosystem

The crypto project SUI is different, but it still always has its heart in DeFi.

Note that it is in ninth place overall among blockchains with the most TVL, despite being born only two years ago. 

In fact, in July 2023, its TVL was very low, below 15 million dollars, but already a year later it had risen above 500 million.

The boom occurred at the end of 2024, followed by a decline and a rebound that recently led it to establish its new all-time high, from this point of view, surpassing the 2.1 billion dollar mark. 

Additionally, among the eight blockchains with the most TVL are Bitcoin (thanks especially to Babylon’s restaking), Tron (thanks especially to JustLend), and two Ethereum layer-2s (Base and Arbitrum), as well as, of course, Ethereum and Solana. The only other recent blockchain with more TVL than SUI is Hyperliquid, thanks to its crypto derivatives DEX.

Therefore, SUI is absolutely one of the most interesting recent blockchains in the DeFi field, whose evolution should be followed closely from this point of view, even if only by virtue of the fact that it is at all-time highs for TVL. 

Analysis of the price of the crypto SUI

The native cryptocurrency of SUI carries the same name. 

It landed on the crypto markets in May 2023 at a price of $1.4, but later it had also fallen below $1.

The turning point was the Trump-trade of November 2024, with the price of SUI skyrocketing to the all-time high of nearly $5 reached in January of this year. 

In other terms, the price trend of SUI has followed a path in some ways similar to that of Solana.

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During the course of 2025, it marked a strong correction, which, however, did not bring it back to previous levels, but only to $2, that is, close to the peak of the first half of 2024. 

To tell the truth, in April it had already attempted a first rebound, which, however, then failed within about a month. 

Now it is attempting another rebound, which started on July 9 and is apparently still ongoing. Unlike Solana, however, the current price level of SUI is only 26% lower than the all-time high, even though this difference is not pronounced at all. 

So although they are two different crypto projects, in the end the price of their crypto is following a relatively similar trend.