📸 Daily Market Snapshot: After digesting yesterday's rate cuts, markets pumped across the board Thursday, with crypto, especially altcoins, seeing substantial gains. TIA is up 41% week-over-week, SUI up 33%, and FTM up 29% as investors look to identify ecosystems that could capitalize on bullish sentiment returning.
Prices as of 6pm ET
24hr
7d
Crypto $2.17T
↗ 4.0%
↗ 6.4%
BTC $62,706
↗ 4.0%
↗ 8.1%
ETH $2,459
↗ 5.1%
↗ 4.5%
SUI $1.39
↗ 9.6%
↗ 33.7%
💧
New Token Rating: Sui has blown its alt L1 competitors out of the water with a string of massive green candles throughout September! Will this token maintain its momentum?
Sui's star continues to rise, gaining real traction that has drawn more attention to the chain, as well as its twin flame, Aptos.
Both descendants of Facebook’s shuttered Diem blockchain project – Sui and Aptos have raised $300M and $350M, respectively, to build ultra-scalable blockchains capable of handling serious transaction action.
With the alt-L1 trade being a consistent trend in the past two cycles and both native tokens showing strong recent price action, it's valuable to compare these two networks focused on scalability and security to see exactly what they bring to the table.
Let's compare Sui and Aptos, including their technical architecture, tokenomic structure, ecosystem, and usage trends, to see where their differences lie, where one may hold an edge, and the overall challenges both face 👇
Mantle kickstarts Season 1 of Methamorphosis. Building on the success of their Liquid Staking Token, mETH, Mantle LSP announces plans for a new Liquid Restaking Token, cmETH, along with a governance token, COOK. With Methamorphosis, participants can now farm Powder for future COOK tokens and position themselves early for upcoming cmETH release.
Not financial or tax advice. Bankless content is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
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