Comparison and Review: Sui vs Pax Dollar

Sui (Symbol: SUI)

• Name: Sui
• Asset Platform: N/A
• Categories: Sui Ecosystem, Smart Contract Platform, Layer 1 (L1)
• Market Cap Rank: 95
• Price Change (30d): +95%

Description:

Sui is a layer-1 blockchain focused on low-latency transfers and high-speed transaction throughput. It is designed for instant transaction finality, making it suitable for real-time applications like games, finance, and more. Sui uses Move, a Rust-based programming language, for its smart contracts and achieves horizontal scaling through transaction parallelization. Independent transactions are validated by Sui nodes using a byzantine fault-tolerant proof-of-stake consensus mechanism.

Pax Dollar (Symbol: USDP)

• Name: Pax Dollar
• Asset Platform: Ethereum
• Categories: Ethereum Ecosystem, USD Stablecoin, Stablecoins
• Market Cap Rank: 74
• Price Change (30d): +0.02379%

Description:

Pax Dollar (USDP) is a digital asset issued by Paxos, a financial technology company specializing in modernizing finance through blockchain technology. Paxos is a regulated trust company with a charter from the New York State Department of Financial Services. USDP is the first digital asset to be fully secured by the U.S. dollar and is backed by full U.S. dollar reserves. It offers a modern settlement solution that eliminates risk and simplifies settlements. Pax Dollar has gained wide adoption and is listed on top cryptocurrency exchanges like Binance, OKEx, Gate.io, ZB, KuCoin, and DigiFinex.