The dominance of those legacy cash are dwindling with every passing 12 months and that may be a nice information. No singular coin ought to maintain the ability to dominate the complete ecosystem.
And with improve in adoption amongst the newer customers coupled with the thriving & buzzing developer ecosystem making certain that new tasks with newer use circumstances all the time comes up- this certain paints a really vivid future for all of us.
Ethereum nonetheless leads the market with 80% dominance within the good contract platform however different tasks are slowly catching as much as the pace not essentially intending to interchange it.
Polkadot with $40b market cap, Solana with $60b market cap, Avax with $30b, Algorand $11b, Cosmos with $7b and so forth are all making larger strides in the direction of attaining a wide range of newer enterprise circumstances.
Even ethereum with all its L2 protocols is attempting to make our world extra inclusive by making a wide range of use circumstances possible (principally by making the platform scalable). The present fuel charges on most of those L2 platform lies between $0.15 – $0.50 and with time & updates this can solely enhance.
All said- these discount in dominance is superb for our ecosystem. It represents that we as a group are rising. These dominance numbers ought to and can lower with time as a result of our group ought to and can develop with time.
submitted by /u/tanmay1010
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