Total Transactions of Ethereum (ETH) and its 13 Competitors on the Network! Here are the Ethereum Killers!
#Ethereum (ETH prices went up to $ 3,400 at the moment and continues to recover. We are talking about an issue that may interest you hours before the weekly closing. For a long time, many projects have been wreaking havoc saying "We are Ethereum killers". So what is the total number of transactions in these networks? Ethereum in terms of the number of transactions on the network It placed 3rd last month and has a total of 13 competitors. Let's examine the network activity in detail.
📌SOLANA(SOL)
Ethereum certainly has a strong competitor when it comes to smart contracts, of course this #Solana ( #SOL ) current data confirms that. The project has been continuing its activities in this area since March 2020. Moreover, Ethereum's rising gas fees have made it more popular.
SOL , which was priced at $1.8 in January, recently rose to $213. To date, a total of 25 billion transactions have been processed on the network. So is that high? Of course, to see this, it is necessary to look at the number of transactions of alternative networks. Solana (SOL) ranks first in its field with the total number of transactions.
📌Tron (TRX)
In second place is Justin Sun's Tron. Yes, Ethereum is not second only to the number of transactions on the network. Especially #TRC20 is extremely supportive of Tron in terms of number of transactions. The project started in 2017 and garnered serious attention with its young founder.
Priced at $0.115 despite a total supply of 100 billion, #TRX has a market cap of $8.2 billion. The total number of transactions on the network reached 2.35 billion. With this figure, it has surpassed Ethereum ( ETH ).
📌Ethereum (ETH)
High transaction fees compromise the functionality of the ETH network. Unfortunately, the developers cannot afford these costs, so they turn to other alternatives. Of course, #Solana ( Sol ) comes first among them .
Moreover, until the end of 2023, Ethereum is not expected to fully solve this problem. But the interest of investors in the largest altcoin is not waning. The current price has climbed above $3,400 again. The total number of transactions on the network exceeded 1.25 billion despite high gas fees.
The biggest competitor behind Ethereum is Binance Smart Chain ( #BSC ) developed by Binance . The network, which was activated on the August network of last year, reached a total of 1.08 billion transactions. Of course, these numbers are based on last month's data and may differ slightly. The #Polygon ( #MATIC ) network is the 5th network with the highest number of transactions. A total of 668 million transactions were processed on the Polygon network from May 2020 until recently.
📌On the #TomoChain (#TOMO) network, a total of 542 million transactions have been made since December 2018. The networks with a total number of transactions between 44 million and 16 million are #Fantom ( #FTM ), #Zilliqa ( #ZIL ), #NEAR Protocol ( Near ) and #Ontology ( #ONT ) respectively.
📌 #Cardano ( #ADA) hosted 11.2 million transactions. With the #Alonzo update coming hours later, this number of transactions is expected to increase rapidly. The last three places are #Elrond , #Polkadot and #Avalanche ( #AVAX ). Not all of these networks have the same capabilities as Ethereum ( ETH ), but this is the current status of potential competitors.