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 facility to dominate the whole ecosystem.
And with enhance in adoption amongst the newer customers coupled with the thriving & buzzing developer ecosystem guaranteeing that new initiatives with newer use instances at all times comes up- this positive paints a really vivid future for all of us.
Ethereum nonetheless leads the market with 80% dominance within the sensible contract platform however different initiatives are slowly catching as much as the velocity not essentially intending to exchange it.
Polkadot with $40b market cap, Solana with $60b market cap, Avax with $30b, Algorand $11b, Cosmos with $7b and so on are all making larger strides in direction of reaching a wide range of newer enterprise instances.
Even ethereum with all its L2 protocols is attempting to make our world extra inclusive by making a wide range of use instances possible (largely by making the platform scalable). The present gasoline 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.