Sui Network has positioned itself as the leading competitor to Solana in the Layer-1 blockchain arena, having achieved an impressive 54% increase in developer activity over the past two years, as detailed in the recent developer report by Electric Capital.
This Move-based blockchain now ranks among the top five Layer-1 networks in terms of total developers, successfully defying the broader trend of declining developer engagement seen across the industry.
According to Electric Capital’s findings, Sui has recorded a year-over-year growth of 16.1% in full-time contributors, placing it just behind Solana, which has seen a growth rate of 17.7%.
According to the @ElectricCapital report, Sui has:
16.1% YoY growth in full-time contributors
54% growth over 2 years – highest among top L1s
Top 5 in total devs among L1s
And it’s just getting started.
— Sui (@SuiNetwork) July 3, 2025
Sui Defies Industry-Wide Decline in Developer Activity
This achievement comes as many cryptocurrency ecosystems endure considerable developer attrition, with platforms like Ethereum and Base experiencing declines greater than 20%.
Notably, Sui and Solana are the only major Layer-1 platforms to maintain a positive trajectory in developer growth.
The blockchain’s architecture is distinguished by its use of the Move programming language, parallel transaction processing, and an object-centric data model.
Electric Capital’s recent tracking indicates a 28% increase in GitHub contributions over the last three months.
Sui now supports more than 140 decentralized applications and has processed hundreds of millions of transactions since its mainnet launch.
In recent weeks, developer activity reached a peak, with code commits surging by nearly 40%.
The contributions have primarily targeted infrastructure enhancements, improvements in object storage, transaction speed optimizations, and tools for validator coordination.
Initiatives by the Sui Foundation have spurred renewed ecosystem tool support and drawn builders from rival platforms.
The platform’s parallel execution model allows for quicker processing and less congestion when compared to traditional sequential blockchain designs.
This technical advantage has made Sui appealing to high-volume applications in areas such as microtransactions, NFTs, and gaming.
Start your engines
DeLorean just became the first motor company to build onchain.
They’re also the first to enable onchain governance via DMC, giving their community a real voice in what comes next. https://t.co/sMXvCmjuAa
— Sui (@SuiNetwork) June 24, 2025
Sui maintains a market capitalization exceeding $10.4 billion and is firmly positioned among the top 15 cryptocurrencies, as per CoinMarketCap. In the past 24 hours, trading volume surpassed $1.37 billion.
Accelerated Momentum in the Developer Ecosystem
The developer community surrounding Sui is now the largest and fastest-growing Move ecosystem in the world.
Sam Blackshear, CTO of Mysten Labs, emphasized the blockchain’s outstanding growth, particularly when juxtaposed with the overall decline in crypto developers, which has dropped by about 20% over the past year.
Sui highlights from EC mid-year dev stats refresh:
– Sui is the 2nd fastest growing L1 dev community over the last year at 16.1% — just a hair behind Solana at 17.7%.
– Sui is the fastest growing L1 dev community over the last two years at 54%
– This goes against broader growth… https://t.co/0ybThX3dOW
— Sam Blackshear (@b1ackd0g) July 2, 2025
During the same period, all major EVM Layer-1 platforms have recorded negative growth in developer numbers.
Significantly, the Electric Capital Developer Report has transitioned to weekly updates, offering real-time insights into developer activity across Bitcoin, Ethereum, Solana, and emerging platforms.
Since 2019, Electric Capital has consolidated nearly 4,000 commits from 950 contributors to ensure accurate tracking of developer engagement.
This extensive dataset enables ongoing evaluations of the health and growth patterns within the blockchain ecosystem.
Recent GitHub activity highlights sustained momentum in infrastructure development, with code commits across various repositories and technical areas.
Technical Analysis Suggests Potential Breakout Target of $5
The SUI token is currently trading at $3.06, following a successful breakout from a descending wedge pattern visible on the 4-hour chart.
This technical pattern implies a healthy correction phase, supported by strong trading volume and Fibonacci retracement levels between $3.00 and $3.30.
The asset has reclaimed the 0.5 Fibonacci retracement point at $3.0075, establishing clear targets at $3.30 and eventually reaching the 0.236 level around $3.70.
RSI indicators signal emerging bullish momentum from previously oversold conditions, reinforcing a shift in directional strength toward higher price levels.
$SUI just snapped back from the 0.786 Fib zone sharp, clean and confident.
Despite the correction, the structure never cracked. The trendline held like it was meant to.
Healthy pullback, not a breakdown.
This bounce could be the higher low that sets the stage.
Momentum… pic.twitter.com/AWkO4SKscJ
— Marcus Corvinus (@CryptoBull009) July 3, 2025
Long-term analyses reveal a substantial symmetrical triangle pattern forming since the asset’s inception.
This converging pattern indicates significant potential for an impending breakout, with analysts predicting a target of $10, which would represent a potential 3.5x increase from current trading levels.
The weekly chart reinforces this bullish outlook, highlighting successful defenses around the ascending trendline support at the $2.10-2.20 range.
Enhanced technical resilience during recent market corrections, paired with robust fundamental drivers, positions SUI for notable price appreciation, with initial targets set between $4.00 and $5.00, potentially extending further to $6.00 or higher.
With current technical indicators and fundamental growth momentum, SUI appears on track for a push toward the $4.00-$4.50 range in the near term, with likelihood of further upward movement to $5.00-$6.00 as developer adoption continues to gain traction.
The long-term target of $10 remains attainable if Sui can successfully establish itself as the leading competitor to Solana in the Layer-1 blockchain sector through ongoing ecosystem development.
The post SUI Challenges Solana Dominance as a Top Layer-1 Blockchain with 54% Developer Growth Surge – Is SUI to $5 Next? appeared first on Finance Newso.
