Raoul Pal Highlights Ethereum, Solana, and Sui as Resilient Chains Amid Market Downturn

News Flash 2026-05-23 18:10

Raoul Pal has identified Ethereum, Solana, and Sui as standout performers during recent market downturns, emphasizing their sustained on-chain activity and economic output. Speaking with the Sui Network community, Pal noted that while many blockchain projects see a sharp decline in activity during market corrections, these three chains have maintained strong "economic density." This resilience suggests their potential for long-term survival in the competitive blockchain landscape. Pal's assessment of Sui is particularly optimistic, highlighting its growth as a new Layer 1 network. He noted that Sui has surpassed Solana in per capita economic output in certain areas, indicating genuine user engagement beyond speculative trading. As Sui marks its third anniversary, Pal envisions a future where only a few dominant blockchains, including Ethereum, Solana, and potentially Sui, will prevail, akin to the early consolidation seen in the internet and cloud computing sectors.

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