Sui Network has emerged as Solana’s primary challenger in the Layer-1 blockchain space, recording a remarkable 54% developer growth over two years, according to Electric Capital’s latest developer report.
The Move-based blockchain now ranks among the top five Layer-1 networks for total developers while bucking the industry-wide trend of declining developer activity.
Electric Capital’s data reveals Sui achieved 16.1% year-over-year growth in full-time contributors, positioning it just behind Solana’s 17.7% growth rate.
Sui Bucks Industry-Wide Developer Decline Trend
The milestone comes as most crypto ecosystems experience significant developer attrition, with Ethereum, Base, and other EVM chains declining by over 20%.
Only Sui and Solana have maintained positive developer growth trajectories among major Layer-1 platforms.
The blockchain’s unique architecture centers around the Move programming language, parallel transaction execution, and an object-centric data model.
Recent developer activity tracked by Electric Capital shows a 28% rise in GitHub contributions over the past 90 days.
The platform now hosts over 140 decentralized applications and has processed hundreds of millions of transactions since mainnet launch.
Developer engagement peaked in recent weeks with code commits rising by nearly 40%.
Source: Developer ReportThe contributions focus primarily on infrastructure enhancements, object storage improvements, transaction speed optimization, and validator coordination tools.
Sui Foundation initiatives have driven renewed ecosystem tooling support and attracted builders from competing platforms.
The network’s parallel execution model enables faster processing and reduced congestion compared to traditional sequential blockchain architectures.
This technical advantage has attracted high-volume applications in microtransactions, NFTs, and the gaming sectors.
The platform maintains a market capitalization of over $10.4 billion and holds a strong position among the top 15 cryptocurrencies, according to CoinMarketCap. In fact, in the last 24 hours, the volume exceeded $1.37 billion.
Developer Ecosystem Momentum Accelerates Across Multiple Fronts
Sui’s developer community represents the largest and fastest-growing Move ecosystem globally.
Sam Blackshear, CTO of Mysten Labs, highlighted the network’s exceptional performance in comparison to broader growth trends, noting that the total number of crypto developers declined by approximately 20% over the past year.
At the same time, all major EVM Layer-1 platforms recorded negative developer growth.
Notably, the Electric Capital Developer Report now updates weekly rather than annually, providing real-time tracking of developer statistics across Bitcoin, Ethereum, Solana, and emerging platforms.
Source: @jubos on XSince 2019, Electric Capital has merged nearly 4,000 commits from 950 contributors to maintain accurate developer tracking.
The comprehensive dataset powers ongoing analysis of blockchain ecosystem health and growth trajectories.
Recent GitHub signals indicate sustained momentum across infrastructure development, with code commits spanning multiple repositories and technical domains.
Technical Analysis Points to Potential $5 Breakout Target
SUI currently trades at $3.06 following a successful breakout from a descending wedge pattern on the 4-hour chart.
The technical structure suggests the completion of a healthy correction, with strong volume confirmation and Fibonacci retracement support around the $3.00 – $3.30 zone.
The asset has reclaimed the 0.5 Fibonacci retracement at $3.0075, establishing clear targets at $3.30 and ultimately the 0.236 level around $3.70.
RSI indicators indicate bullish momentum emerging from oversold conditions, while recent signals confirm a shift in momentum toward higher levels.
Even more, long-term analysis reveals a massive symmetrical triangle pattern developing since the asset’s inception.
The converging pattern suggests tremendous energy building for an eventual breakout, with analyst projections targeting $10, representing a potential 3.5x gain from current levels.
The weekly chart structure shows a successful defense of the ascending trendline support around $2.10-2.20, validating the long-term bullish framework.
The technical resilience during recent corrections, combined with strong fundamental catalysts, positions SUI for significant appreciation, with initial targets around $4.00 to $5.00 before potentially extending toward $6.00 or higher.
Based on current technical confluence and fundamental momentum, SUI appears positioned for a move toward $4.00-$4.50 in the near term, with potential extension to $5.00-$ 6.00 as developer adoption accelerates.
The $10 long-term target remains viable if Sui successfully establishes itself as Solana’s primary Layer-1 competitor through continued ecosystem growth.
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 Cryptonews.
