Who is Ethereum's biggest competitor?

[silkytakyaan86]

I don't think there is anyone like that right now. Which can knock down the ETH.  but we can give a chance to the bnb. The biggest reason for which is the low fee of bnb.

[therozaq]

Ethereum's alternatives and competitors. See how Ethereum compares to similar products.  (NFTs).

In my opinion, I think it not depending on similar products, but similar function as smart contract platform.
I think binance smart chain and Solana are the best competitor for Ethereum at while.
Solana has shown good progress to gain popularity, and we know binance smart chain is binance product, the biggest exchange behind BSC.
So, let's see what will happens

[DAMKAR]

Which can knock down the ETH.  but we can give a chance to the bnb. The biggest reason for which is the low fee of bnb.

In addition to low fees, BNB is very popular and is used by many projects.  Currently, BNB could be Ethereum's closest competitor.  Binance smart chain is an easy-to-use smart contract.  Many new coins are made there easily.
But don't forget, Solana is also the potential coin that have similar product as smart contract platform.
can't wait to see their battle, ETH, BSC and SOL..
Let's see...

[Litzki1990]

Currently there is a way long distance between Ethereum and rest of coins except Bitcoin.Ethereum stay to be in top 3 coins for long term and seem to go just up with price by analyze bullish market term every year.BNB may be the closest the biggest competitor but it is so far in price there on market.

A competitor would be a coin that has the same popularity and market value as Ethereum. BNB is a popular coin but its value has never been close to Ethereum. There are many gaps in BNB's market value with Ethereum, and even with that gap, the two coins generally cannot be called rivals. There are BNB coins in the market, so some coins can be called BNB's competitors, but we can say that Bitcoin has no competitors in the market and Ethereum has no good competitors. Ethereum's popularity and BNB's popularity are almost equal but due to price variation I see these two coins as rivals.

[Gurujebs]

I don't think there is anyone like that right now. Which can knock down the ETH.  but we can give a chance to the bnb. The biggest reason for which is the low fee of bnb.

Never say never! Ethereum has been in existence for long and the reason why it has gain much trust is because it has stand the taste of time. They like it and it has been one of the greatest EVM that has ever been created by the crypto community but the transaction fees is killing, to can't do simple transaction on Ethereum chain without breaking the bank and that is what I have hated about the network.

There has been so many alternative which are faster with less fees but the hype kill them. Solana for example would have grown faster than we though in this space but one of the problem is that we want to have things quickly in crypto. Many investors wanted Solana to outshine Ethereum badly and they weren't looking at the errors some people were doing and that was FTX exchange, it was the mistake that drop down Solana badly and the trust is not there like before. Maybe in the future things will change but not now.

[vegasus]

Competitors in what sense is this? If it's about the network, then actually there are several that are able to compete with it, even providing lower fees compared to the Ethereum network. such as BSC and Solana which are the most favorite at the moment because the fees are quite high compared to ethereum, even Polygon with its coin called Matic can also be a competitor. But in fact, in terms of price and loyalty, Ethereum holds for those.

[dekafee79]

such as BSC and Solana which are the most favorite at the moment because the fees are quite high compared to ethereum, even Polygon with its coin called Matic can also be a competitor. But in fact, in terms of price and loyalty, Ethereum holds for those.

I agree with you, As network I think binance smart chain and Solana are good competitor for Ethereum.
I want to see the big competition of them.
But talking about loyalty, we know Ethereum ahs bigger community.
Polygon  is the next competition for them.
But I think It's good for crypto, if there is good competition.
Their team will improve their projects..

[MrSpasybo]

In my opinion, I think it not depending on similar products, but similar function as smart contract platform.
I think binance smart chain and Solana are the best competitor for Ethereum at while.
Solana has shown good progress to gain popularity, and we know binance smart chain is binance product, the biggest exchange behind BSC.
So, let's see what will happens

I also immediately think of BNB chain and Solana chain when talking about competition in user market share.

BNB chain has a very large number of users and Dapps, backed by Binance with CEX, Labs, Launchpad/pool. I started using BNB chain since 2020 when transaction fees on Ethereum are too expensive, everything is familiar right on MetaMask.

Solana has high speed and extremely cheap cost, the ecosystem is developing strongly, it is also focused on investing by large investment funds, so I believe that in the future it will attract more users 🚀🚀🚀

[DCrypto]

Technically speaking Polkadot due to decentralization.

Solana and Avalanche are said to be more centralized.

[bitterguy28]

I don't think there is anyone like that right now. Which can knock down the ETH.  but we can give a chance to the bnb. The biggest reason for which is the low fee of bnb.

why we keep talking about competitions in this market when the truth is we are talking about Currency here and since it is currency they are not competing but they are serving people , if people find this coin better for Him then that is better but asking if which is best and which is better are really out of line here.

[KryptoBull]

why we keep talking about competitions in this market when the truth is we are talking about Currency here and since it is currency they are not competing but they are serving people , if people find this coin better for Him then that is better but asking if which is best and which is better are really out of line here.

I agree, in 2017 and 2020 there were many projects that appeared with the goal of destroying Ethereum, they all called themselves Ethereum-killer but currently Ethereum is still firmly in the top 2, while many L1 projects others have disappeared from community discussions. Ethereum has high liquidity, new blockchains want to support EVM to attract Dapps from Ethereum to operate on their blockchain.

So, if I had to name a project that is a competitor to Ethereum, I think it would be Ethereum Classic and Ethereum POW. These two projects chose their own paths because their communities disagreed with the development trend of Ethereum 

[de_prof]

I agree, in 2017 and 2020 there were many projects that appeared with the goal of destroying Ethereum, they all called themselves Ethereum-killer but currently Ethereum is still firmly in the top 2

yeah, I also heard about Ethereum killer, but until now , no coin can beat Ethereum at the top 2.
Ethereum is always being the King of smart contract platform, and I see their team still improve and update their projects.
Maybe we can say BNB, SOL, DOT will be the next Ethereum.
But Ethereum is most popular as contract platform.
So, I think their competitors will need a long time to compete there .
Anything can happen at crypto space...

[Yamane_Keto]

I think that the market has moved from the stage of killing Ethereum to the stage where Bitcoin and Ethereum are the foundation, and then building on top of them with low-fee projects or second-tier solutions. We may hear of the third and fourth layer soon. we will not find competition between the different blockchains, but rather an attempt to exploit the capabilities of smart contracts for each blockchain. Ethereum's biggest competitor will be blockchain, which better integrates layer-two solutions.

[NikeFit_7777]

Solana - has potential, but it won't be able to overtake the Ethereum ecosystem. Polygon/Bsc - too small in capitalization compared to Ethereum. It will definitely not happen in the next 10 years. I'm guessing, and that Ethereum will overtake bitcoin (in terms of capitalization) and will be number 1 in the list of cryptocurrencies. Provided that Vitalik Buterin will develop the ecosystem + add something new.


P.S. This is just a my thoughts no one knows how it will be in reality. Invest in cryptocurrency if you see the potential and its future 

[EthereumDev_]

Solana - has potential, but it won't be able to overtake the Ethereum ecosystem. Polygon/Bsc - too small in capitalization compared to Ethereum. It will definitely not happen in the next 10 years. I'm guessing, and that Ethereum will overtake bitcoin (in terms of capitalization) and will be number 1 in the list of cryptocurrencies. Provided that Vitalik Buterin will develop the ecosystem + add something new.


P.S. This is just a my thoughts no one knows how it will be in reality. Invest in cryptocurrency if you see the potential and its future 

Solana has gained significant attention in recent years for its ability to handle high transaction volumes with low fees. However, whether Solana can completely overtake the Ethereum ecosystem is a complex question and depends on a number of factors.

Solana has the advantage in terms of transaction speed and low fees, but Ethereum remains dominant when it comes to the development and adoption of decentralized applications (dApps) and smart contracts. Ethereum is also transitioning from proof-of-work to proof-of-stake consensus with the Ethereum 2.0 upgrade, which is expected to improve its scalability.

While Solana could be a strong competitor, replacing the Ethereum ecosystem completely would involve huge challenges. Both will likely function together as part of a broader blockchain ecosystem with their respective advantages and disadvantages. Solana's success in competing with Ethereum will largely depend on further development, adoption, and support from the community and developers.

In general, Solana is known for its lower transaction fees compared to Ethereum. Solana is designed with technology that allows for fast and efficient transaction handling at relatively low fees, especially when compared to Ethereum.