Ethereum boasts the most extensive decentralized application (dApp) ecosystem, with over 3,000 active dApps in various sectors like DeFi (decentralized finance), NFT (non-fungible tokens), and gaming.
Solana, launched in 2020, is a high-performance blockchain platform aiming to address scalability issues faced by Ethereum. It boasts fast transaction speeds and lower fees, attracting developers and fostering a rapidly growing ecosystem.
Similar to Tether, USDC is another stablecoin offering price stability but with a different underlying mechanism, and limited direct ecosystem activity.
Toncoin is a high-performance blockchain platform with a focus on scalability. Launched in 2018, it’s a relatively new entrant but has the potential to grow its ecosystem if it attracts developers and builds compelling use cases.
Originally a meme coin, DOGE has gained popularity. Its ecosystem is less defined. Thus, its long-term value proposition is primarily driven by social media trends and not necessarily real-world applications.
Cardano aims for scalability, interoperability, and sustainability. Its ecosystem includes smart contracts and decentralized governance, plus its Vasil hard fork is expected to ance network performance.
Avalanche positions itself as a high-throughput blockchain platform designed for launching dApps, aiming to compete with Ethereum by offering faster transaction speeds.
Launched in late 2020, Shiba Inu is a decentralized meme coin with a large and active community.Its price is highly volatile and susceptible to social media hype.
Polkadot is a blockchain platform designed to enable communication and interoperability between different blockchains. This vision caters to the growing need for a connected blockchain ecosystem, and its development is actively progressing.
Bitcoin Cash is a fork of Bitcoin that was created to improve on some of the perceived deficiencies of Bitcoin, especially regarding scalability and transaction fees.
Dai is a decentralized stablecoin pegged to the US dollar, but it uses a collateralized debt position (CDP) mechanism instead of direct fiat backing. Users deposit other cryptocurrencies as collateral to mint DAI, creating a dynamic system for maintaining its peg.
UNUS SED LEO (LEO) is the native token of the Bitfinex exchange. Holding LEO grants users benefits like trading fee discounts and access to exclusive features.
Litecoin, created by Charlie Lee, is one of the oldest altcoins and is often considered as silver to Bitcoin’s gold. It offers faster transaction confirmation times and a different hashing algorithm.
