Cryptocurrency Q&A
What is Ethereum's biggest competitor?
What is Ethereum's biggest competitor?
Fri Jan 10 2025
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6 answers
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I'm curious to know who Ethereum's biggest rival is in the cryptocurrency and blockchain space, considering its significant market position.
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Sun Jan 12 2025
Solana, another prominent blockchain, boasts a market cap of $85 billion. Its TPS rate is significantly higher, reaching an impressive 2,600 transactions per second.
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Sun Jan 12 2025
The key takeaways from this overview are the market performance and transaction capabilities of various blockchain networks.
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Sun Jan 12 2025
Ethereum, with a market capitalization of $310 billion, is a notable player in the blockchain industry. Its transaction per second (TPS) rate ranges between 15 and 30, though this can be improved with Layer 2 scaling solutions.
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Sat Jan 11 2025
Polkadot, with a market cap of $6.3 billion, also performs well in terms of transaction speed. It can handle up to 1,000 TPS, making it a viable option for high-frequency transactions.
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Sat Jan 11 2025
Avalanche, a relatively newer blockchain, has a market cap of $11 billion. Its TPS rate is 400, showcasing its ability to handle a substantial number of transactions efficiently.
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