Two altcoins are crushing Ethereum (ETH) by way of lively addresses and every day transactions, in line with a brand new report from enterprise capital large Andreessen Horowitz (a16z).
The enterprise capital agency checked out lively addresses measured over a 30-day interval as of Could twelfth, Ethereum had 5.5 million, in comparison with 9.4 million for Binance Chain’s Binance Coin (BNB) and a whopping 15.4 million for Solana (SOL).
Andreesen Horowitz additionally probed every day transactions, trying on the 30-day common. As of Could twelfth, ETH had 1.1 million, in comparison with 5 million for BNB and 15.3 million for SOL.
Ethereum, nonetheless, has a far larger demand for block house. The main sensible contract platform by market cap witnessed greater than $15 million value of transaction charges over a seven-day common, in comparison with about $1.3 million for BNB Chain and solely $62,041 for Solana.
The agency additionally discovered that Ethereum simply attracts probably the most builders out of the three blockchain ecosystems.
“Ethereum’s reputation can also be a double-edged sword. As a result of Ethereum has traditionally prized decentralization over scaling, different blockchains have been capable of swoop in and entice customers with guarantees of higher efficiency and decrease charges. (Some would possibly argue they achieve this on the expense of safety.)”
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