Thread by @guisalberto

Two new fast Layer 1 Blockchains are emerging.

#SUI by @Mysten_Labs and #Aptos by @AptosLabs.

Are they a threat to @solana?

Both SUI and Aptos projects came out from ex-Facebook/Meta teams

SUI was founded by @EvanWeb3, @EmanAbio, @b1ackd0g, and @GDanezis

Aptos was founded by @AveryChing and @moshaikhs

They all came out from the original Facebook failed Diem Crypto project

Interestingly, they’ve raised money from similar VCs

SUI raised $36M led by @a16z with the participation of @Redpoint, @lightspeedvp, @cbventures, @ElectricCapital, @standardcrypto, @NFX, @slow, @ScribbleVC, @SamsungNext, @Lux_Capital, Bienville, @hack_vc and @eladgil

Followed up by a Series B estimated @ $200M by @FTX_Official

Aptos raised $350M led by @a16z with the participation of @FTX_Official, @jump_, Tiger Global, @katie_haun, @multicoincap, @cbventures

All of them are,
- Proof of Stake networks (no GPU/ASIC for mining, just standard servers)

- No need for Layer 2 bandaids (like Ethereum)

- All do parallel execution (different from Ethereum that does sequential execution)

All can handle massive number of transactions per second (100k+)
While all three claim to do 100k+ TPS, only Solana is running on mainnet and has been battle-tested to a high processing number of transactions per second. We are about to see what Aptos/SUI are capable of

Who do you think is going to win the battle in the long run?