The native tokens of popular second-generation blockchains Sui and Aptos could witness significant growth in 2025, according to VanEck.
In a Wednesday, January 29, analysis, the $114 billion asset manager predicted that SUI would rally about 290% to the $16 price point in 2025 from current prices above the $4 level while APT would surge over 180% to about $22 from current levels just below the $8 price point.
VanEck based its predictions on two main factors. First, the firm anticipates a growth in the market capitalization of smart contract platforms. Specifically, the firm expects that this market cap will grow 43% from $770 billion to $1.1 trillion in 2025, in line with a correlation with the U.S. M2 money supply.
At the same time, VanEck expects Sui and Aptos to eventually account for a greater share of the smart contract platforms’ market share. Specifically, VanEck anticipates that Sui’s market share will jump from 2% to 5.5% while Aptos’ will surge from 0.7% to 1%.
Sui vs. Aptos: Competitive Analysis and 2025 Price Target @Patrick_Bush_VE https://t.co/oVvzhU20XW
— VanEck (@vaneck_us) January 29, 2025
This calculation aligns with a $61 billion market cap for SUI, which aligns with the $16 price target, factoring in its current circulating supply of 3 billion tokens. For APT, the calculation aligns with a $11 billion market capitalization, which translates to the $21 target, assuming it maintains its current circulating supply of 507 million tokens.
Sui and Aptos are second-generation blockchains that have gained popularity because they were founded by former Meta engineers and use the Move smart contract programming language.
The Move smart contract programming language is based on the popular Rust programming language, which was developed as part of Facebook’s now-defunct Diem stablecoin project.
The language is praised for being more developer-friendly and enabling more security and efficiency benefits than Ethereum’s Solidity and Cardano’s Haskell. These benefits have translated to significantly faster transaction processing capabilities, bolstering user experiences.
VanEck currently places Sui ahead of Aptos, citing performance advantages and economic metrics. However, the firm notes that this dynamic can easily change, depending on sustained innovation.
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