Without doubt, 2021 was the year of layer 1 blockchains. Since the biggest layer 1 blockchain, Ethereum, has problems with high fees, this article will give you a list of other layer 1 chains that might replace Ethereum as the leading smart contract blockchain.
Learn more about Layer 1 Blockchains.
Ethereum (ETH) is the biggest layer 1 blockchain as of right now. Over 4000 projects have launched on the Ethereum blockchain.
The market cap of Ethereum (as of Feb. 2022) is around $315B. This means Ethereum is the 2nd biggest cryptocurrency at this moment.
Avalanche is a layer 1 blockchain with smart contracts that enables users to interact with decentralized applications and custom blockchain networks. It offers up to 6,500 transactions per second (TPS) while not harming its scalability.
The market cap of Avalanche (as of Feb. 2022) is around $18B. This means Avalanche is the 11th biggest cryptocurrency at this moment.
Solana was also build as an Ethereum competitor. The network promises better speeds, low costs, and cross-chain interoperability.
The market cap of Solana (as of Feb. 2022) is around $28B. This means Solana is the 8th biggest cryptocurrency at this moment.