Everyone throws $SUI I and $SEI
into the same basket, the numbers say they’re not even close.
[Head to Head Series #5]
#SUI to me feels like the more grown up play.
Bigger mcap, way higher app revenue, almost $1B TVL (after peaking at $2.6B), and a serious stablecoin + RWA push.
You’ve got ETF filings, Grayscale trust, big DeFi names (Suilend/NAVI), and real volume.
The flip side is heavy unlocks and ~37% of supply circulating, so dilution is the main thing to respect.
$SEI is more of a niche, trading-first chain.
Smaller mcap, lower mcap/TVL ratio, and much lower revenue today, but it’s jammed with active addresses, growing gaming + perp activity, the Wyoming stablecoin pilot angle, and AI integrations.
It looks more like a higher-risk, higher-reward bet that they can become the main chain for trading and AI.
Verdict:
Fundamentals winner for me is $SUI, bigger revenue engine, deeper TVL, stronger stablecoin/RWA story.
#SEI is the leaner, higher-beta