Ethereum

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Solana

Aptos

<p>VanEck’s latest <strong>Crypto Monthly Report</strong> highlights the impressive performance of monolithic blockchains in September. These projects, including <strong>Solana (SOL)</strong>, <strong>Aptos (APT)</strong>, and <strong>Sui (SUI)</strong>, stood out with significant price increases, capturing the attention of investors and blockchain enthusiasts alike.</p> 
<h2 id="solana-sui-and-aptos-lead-the-charge">Solana, Sui, and Aptos Lead the Charge</h2> 
<p>According to VanEck, <strong>Solana</strong> gained 14%, <strong>Sui</strong> surged by 118%, and <strong>Aptos</strong> saw a 23% rise in value during September. This strong performance has renewed confidence in the future potential of monolithic blockchains, networks that combine different layers into a unified structure. Sui’s massive 118% price increase was linked to a 140% rise in daily active addresses, pushing its market cap to $5 billion. The low transaction costs and fast processing times make Sui an appealing option for new users flooding into its ecosystem.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-48486" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/10/01925884-282f-702a-bbe6-e537dad5152f-1.webp" alt="VanEck Picks Solana, Aptos, and Sui: Monolithic Blockchains Shine in September = The Bit Journal" width="1412" height="852" title="VanEck Picks Solana, Aptos, and Sui: Monolithic Blockchains Shine in September 11"></p> 
<p>VanEck emphasized that Sui’s success stems from its monolithic structure, which merges transaction layers into one system, delivering higher transaction throughput and lower costs. This design is especially beneficial for applications like <strong>NFT minting</strong> and small payments, where speed and cost-efficiency are crucial.</p> 
<h2 id="aptos-grows-with-raptr-update">Aptos Grows with Raptr Update</h2> 
<p>Aptos caught the market’s attention in September with its Raptr software update, which led to a 30% rise in daily active addresses. This update expanded Aptos’ user base, showcasing the growing interest in its technological advancements. Following the update, Aptos’ price climbed 23%, proving that innovations within the network can directly influence the market value. VanEck’s report underlined Aptos’ appeal, particularly within <strong>DeFi</strong> and NFT platforms, due to its user-friendly and efficient infrastructure.</p> 
<h2 id="solana-s-stability-and-growth-potential">Solana’s Stability and Growth Potential</h2> 
<p>Solana recorded a 14% price increase in September, continuing its trend of high-speed, low-cost transactions throughout 2024. The network’s vertically integrated structure, often compared to Apple’s MacOS, combines software and hardware components, enabling greater efficiency and scalability. This makes <strong>Solana</strong> an ideal platform for small payments, tokenization, and <a href="https://thebitjournal.com/experts-say-96-of-nfts-are-deadwhat-happened/" target="_blank" rel="noopener">NFT</a> minting. VanEck’s previous reports also highlighted that Solana’s structure could challenge Ethereum’s dominance in the blockchain space.<img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-48487" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/10/01925886-b2a7-740c-a9d3-a8eadae39e9a-1536x1058-1.png" alt="VanEck Picks Solana, Aptos, and Sui: Monolithic Blockchains Shine in September = The Bit Journal" width="1536" height="1058" title="VanEck Picks Solana, Aptos, and Sui: Monolithic Blockchains Shine in September 12"></p> 
<p>With Ethereum struggling with high transaction costs and scalability issues, newer <strong>monolithic blockchains</strong> like Solana, Sui, and Aptos are attracting users seeking more cost-effective solutions. These projects are chipping away at Ethereum’s market share, offering higher transaction throughput at lower costs, which is especially appealing for DeFi, NFT, and micropayment users.</p> 
<h2 id="ethereum-s-struggles-amid-rising-competitors">Ethereum’s Struggles Amid Rising Competitors</h2> 
<p>As the competition heats up, Ethereum’s price fell 12% in early October, trading below its 200-day exponential moving average (EMA). The rise of monolithic blockchains has led to decreased Ethereum usage, with investors and users turning to more scalable alternatives like <strong>Solana</strong> and <strong>Sui</strong>. If Ethereum hopes to retain its market leadership, it will need to address its transaction speed and cost issues.</p> 
<h2 id="the-future-of-monolithic-blockchains">The Future of Monolithic Blockchains</h2> 
<p>As VanEck’s report shows, monolithic blockchains like Solana, Sui, and Aptos are set to play a key role in the future of the blockchain ecosystem. Their ability to offer high transaction throughput at lower costs makes them strong competitors against Ethereum. Unless Ethereum addresses its scalability and cost challenges, these projects will continue to gain traction in the coming years.</p> 
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VanEck Picks Solana, Aptos, and Sui: Monolithic Blockchains Shine in September

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