Two Ethereum Rivals Are Far Outperforming ETH in Pair of Key Metrics, Says Venture Capital Giant Andreessen Horowitz

Two altcoins are crushing Ethereum (ETH) in phrases of lively addresses and day by day transactions, in keeping with a brand new report from enterprise capital big Andreessen Horowitz (a16z).

The enterprise capital agency checked out lively addresses measured over a 30-day interval as of May 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 day by day transactions, wanting on the 30-day common. As of May twelfth, ETH had 1.1 million, in comparison with 5 million for BNB and 15.3 million for SOL.

Ethereum, nevertheless, has a far increased 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.

Source: a16z

The agency additionally discovered that Ethereum simply attracts essentially the most builders out of the three blockchain ecosystems.

“Ethereum’s reputation can also be a double-edged sword. Because Ethereum has traditionally prized decentralization over scaling, different blockchains have been in a position to swoop in and entice customers with guarantees of higher efficiency and decrease charges. (Some would possibly argue they accomplish that on the expense of safety.)”

Source: a16z

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