Krutika Adani
Solana has emerged as the strongest contender to Ethereum due to its robust DeFi landscape, strong dApp growth and the presence of the second largest memecoin market after Ethereum.
Built by a Ethereum co-founder and with a similar architecture, Cardano is one of the largest blockchains that can support a multitude of applications from smart contracts, to DeFi to dApps.
Despite being an Ethereum L2 solution, Polygon has developed immensely to replace Ethereum with a much more cost efficient blockchain. Polygon has emerged as a top ETH competitor in terms of blockchain infrastructure.
Perhaps the cheapest blockchain among the largecap crypto projects, BNB has emerged as a strong contender to Ethereum in terms of cross-chain assets. The blockchain holds a wrapped version of almost all cryptocurrencies on its chain.
Algorand embraced the proof of stake consensus much before Ethereum. The project has achieved a high TPS natively using “state proofs”. Furthermore, Algorand is one of the few blockchains with a quantum proof blockchain network.