My assessment from the beginning of this year until now remains the same; realistically, other L1s are still performing better than ETH. Other L1s need to secure a position to gain a significant share because top-tier funds are investing heavily in their own layer 1s.
The reason Sui is rising quite strongly is because of Grayscale behind it; Grayscale has established a SUI trust fund and they want to sell SUI ETFs to everyone. They want to accumulate as much Sui as possible to maintain liquidity when selling the ETF. Sui is what they hold, while the ETF they issue can be sold to the public.
ETH will still rise, but at the end of this cycle, don't rush; the game has just begun.
2021 Sol Luna Avax Matic Bnb
2025 Sol Sui Ton Berachain Babylon Op Blast, ...
All the projects I listed are related to DeFi on BTC, ETH. DeFi will make a strong comeback, and Trump is also setting up DeFi ✊✊✊
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