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An Ethereum merger could establish itself as Ethereum’s top Layer 1 chain. That’s because better scaling and lower fees are likely to make Ethereum even more appealing to more developers.
So does this mean that the blockchain market for platforms has been pushed to a crawl and there is no room for other players to enter? Ethereum is likely to establish itself as the number one platform on his blockchain, but other blockchains will still thrive. This is because Ethereum fees are still higher on average than other players in the industry.
In fact, with the current sluggish price, now might be a good time to invest in Layer 1, which could do well if Ethereum triggers a broader market rally in the short term.
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Binance is one of the largest cryptocurrency exchanges in the world. Suitable for more experienced investors, with over 600 cryptocurrencies to choose from. Binance is also known for its low trading fees and multiple trading options that users can benefit from. Peer-to-peer trading, margin trading, spot trading.
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Solana (SOL) prides itself on being one of the fastest platform blockchains, unmatched when it comes to transaction costs. Solana can process up to 50,000 transactions per second for penny pricing.
Solana has come under a lot of security threats lately, but developers seem to have confidence in Solana as adoption is growing rapidly. For example, Solana NFT is growing exponentially and so is the number of his DeFi projects starting on Solana.
One of the big projects moving to Solana is Helium. Helium is considering migrating to Solana, and once it does, Solana will be much more reliable.
This is a good indicator that Solana still has room to grow, even as Ethereum puts more pressure on its Layer 1 blockchain in the future. Put in, it’s clear why it remains one of the cryptocurrencies to watch after the Ethereum merger.
As LUNC is a very new asset, it is not yet listed on any major exchange. However, he can buy LUNC using DEX (Decentralized Exchange), but this means some additional steps. To purchase LUNC now, follow these steps:
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Terra Classic (LUNC) has been in the news lately, mostly due to its token burn implemented as an on-chain tax. This is the reason for the massive pumping witnessed last week, but the Terra Classic remains one of the most capable Layer 1s on the market. It still has technical capabilities and many projects building on it, despite the collapse of his UST which almost ruined the network. Terra Classic’s scalability, low fees, and current token burn put it in a unique position to compete with Ethereum even after the Ethereum merger.
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Avalanche (AVAX) is another top layer 1 cryptocurrency that is seeing rapid adoption. The latest indicators with growing Avalanche adoption include decentralized spot exchange GMX and DeFi aggregator 1Inch. Avalanche, one of the more stable L-1 chains, is likely to record growing adoption even after the Ethereum integration.
Avalanche stands out as one of the cryptocurrencies to watch, not just in September, but in the years to come, as it is trading at record lows compared to recent all-time highs.
