Cash News
Cardano (ADA) co-creator Charles Hoskinson is giving a shoutout to one of Solana’s (SOL) biggest competitors.
Posting to his 979,000 followers on the social media platform X, Hoskinson says that layer-1 platform Sui (SUI) is earning its spot in the crypto ecosystem.
“Reading about Sui. It’s good to see George’s work come to life. They deserve great success in the space.”
Hoskinson is referring to George Danezis, one of the main designers behind the Sui blockchain and a co-founder of Mysten Labs, the development firm backing and supporting Sui.
Hoskinson says that Sui is “what Solana should have been,” and while he still thinks Cardano is superior, he believes that Sui has “some real innovations.”
Says Hoskinson,
“If you look at the design of Sui, there is real research and there’s a real team that’s behind it. Not commenting on the distribution, the tokenomics, how they’ve launched, all those things. I haven’t looked at those things, nor do I care about them. I don’t hold any Sui, and I’m not involved with the project in any way. So I dispassionately look at these things to say ‘Is there any interesting innovation that has occurred?’
Because it’s important for us as an ecosystem to see what we can collaborate on.”
Although Hoskinson lauds Sui for the project’s solid fundamentals, he says no layer-1 protocol has surpassed Cardano.
“For those wondering, Cardano is still number one. It’s not even close with decentralized governance and all the amazing roadmap items coming.”
At time of writing, Sui is trading at $1.92, up over 10% on the day.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on XFacebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney