Ethereum dominates among developers but competitors growing faster
The total monthly active developers measured hit a record high of more than 18,000 but Ethereum retains the largest number of them. The Ethereum ecosystem still has far more developers than rival networks, but they are catching up with a faster rate of growth.Ethereum competitors such as Polkadot, Solana, and Binance Smart Chain are growing faster in terms of development activity according to crypto research firm Electric Capital which released its findings on the blockchain development ecosystem in a new report on Jan. 6. It revealed that more than 4,000 monthly active open-source....
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Mainstream media outlets are beginning to advance the idea that Ethereum and Bitcoin are traditional competitors. This notion does not make much sense. Ethereum and Bitcoin are two different expressions of a similar notion, with important differences that ultimately make them fundamentally different. While it is true both have great uses for online gambling, especially where it’s illegal, calling them competitors might be akin to calling fiat currencies competitors. While in a way they are, they are much more symbiotic in today’s political economy than competitors generally are considered....
Data from DappRadar shows rapid uptake of Polygon-based decentralized applications. The network now has 93 functioning dapps, up considerably over the past four weeks. Polygon, a leading platform for Ethereum (ETH) scaling and infrastructure development, has attracted 75,000 new users over the past seven days, highlighting growing demand for layer-2 decentralized applications. The data, courtesy of DappRadar, shows that the top 20 Polygon dapps were responsible for the increase. In this case, new users refer to active wallets interacting with Polygon dapps. The influx of new users brought....
JPMorgan has piled on the ethereum high gas fee issue as a reason why it could end up losing out to competitors like Solana and Cardano. These other projects past significantly fewer transaction fees than ethereum, being one of the major pull points for investors. Due to this, it is increasingly losing users to other […]
As the crypto market has taken a turn for the worse, institutional investors are phasing out their investments in Ethereum. The digital asset had been the victim of multiple outflows that had tanked its total AuM (Assets under management) and this trend has continued this week. Instead of moving to a larger competitor, Bitcoin, institutional investors are now moving to networks that are in direct competition with Ethereum. Big Money Leaves Ethereum To Algorand Algorand is one of the leading competitors of Ethereum which has been making waves in the decentralized finance (DeFi) space. Due....
A lot of 2.0 projects have fallen by the wayside, but currently, Ethereum (ETH) development has continued to show its decentralized blockchain platform wants to stick around for the long run. Startups, legacy institutions, and developers using the programmable currency are popping up left and right. Below is a list of six projects using the ETH blockchain to try and conquer many different 2.0 tasks. Then we discuss a few competitors in the crypto-environment going after some the same goals. As time progresses in this world of decentralized distributed ledgers, the race for 2.0 technology....