Macro investor Raoul Pal says the best way to identify blockchains with long-term staying power is by watching how they perform during major market crashes.

Speaking during a recent discussion alongside members of the Sui Network ecosystem, Pal explained that most crypto projects collapse when the market enters deep corrections. However, a small number of chains continue showing strong activity, usage, and economic output even after prices fall sharply.

Ethereum, Solana, and Sui Stood Out

According to Pal, only three major blockchains managed to maintain strong “economic density” during the recent market downturn: Ethereum, Solana, and Sui.

He explained that while many crypto assets lost 80% to 90% of their value during the correction,…