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Ethereum is in the process of upgrading to help with better expansion. But Ethereum is still far from achieving this goal. As Vitalik Buterin recently mentioned, Ethereum is 40% complete after the merger.
This slow development at Ethereum paved the way for new, more efficient blockchains to be adopted. There are many Ethereum competitors on the market today, but here are some of the best and most competitive. These two could be significantly undervalued as the crypto bear market pushed record lows.
Solana (SOL) is still one of the top platform blockchains on the market. This is all due to its scaling capabilities and the fact that it has some of the lowest transaction costs of all major platform blockchains today.
Solana has been bearish in recent months, but many analysts are optimistic that Solana may be successful in the future. One of the key factors that can drive Solana’s growth is NFTs, and that potential is beginning to take shape.
One of the positive guidelines for Solana’s potential is SolSea, a Solana-based NFT platform. SolSea has been around for some time, but recently it has been renamed and there are many big plans for the future. Some of SolSea’s plans to be restarted may turn it into YouTube for NFTs. This is due to Vitomir Jevrermovic, CEO of SolSea.
This dream is easy to realize, as Solana is cheap and advantageous for anyone considering launching an NFT. This is because most people considering launching an NFT are likely to look to Solana in the future.
Driven by its high speed and security, Avalanche (AVAX) is still one of the best platform blockchains today. Avalanche can handle up to 4500 transactions per second with no real security issues.
In addition, the Avalanche team is working hard to facilitate recruitment, which is a plus for long-term recruitment. For example, in August 2022, the Avalanche team will be stationed in South Korea to promote the adoption of Web3.0.
Given that Web 3.0 has the potential to rethink the Web, as we know it, the adoption of Avalanche in this regard gives us an edge over other blockchains. In addition, Avalanche is positioning itself for infinite scalability by introducing subnets.
