Who is Ethereum's biggest competitor?

[Vx1]

I think BNB, Solana and TON can challenge Ethereum market but they will need a lot of improvement. Ethereum has been dominating the altcoins maket for more than a decade.

BNB is no competition to Ethereum, it's centralized, literally single entity handles it (that being Binance) and suffers from same congestion issues as Ethereum. Plus, if Ethereum solves it's scalability issues, BNB and plenty other similar Ethereum copies has 0 use.

Also to add, Ethereum's genesis block was created in 2015, so it's yet to be a decade.

I agree that BNB will have a hard time if it wants to compete with Ethereum, but the reality is that currently BNB continues to trail Ethereum. Whether we admit it or not, BNB is liked by many people because transaction fees are cheap when compared to Ethereum. If only Ethereum could overcome the problem of high GAS fees, then Ethereum would be even more invincible.

[Ricardo11]

Among the altcoins, BNB is the only coin to compete with eth. (Eth is a alt coin and bitcoin is bitcoin not a alt. thats why bitcoin can't a competitor Against Eth.) The highest valued altcoin is ETH with a current market value of $2,876.41 and the second highest valued altcoin is BNB with a current market value of $469. but at this moment, the ETH and BNB price has a greater distansity. About $2400.

[$crypto$]

BNB is no competition to Ethereum, it's centralized, literally single entity handles it (that being Binance) and suffers from same congestion issues as Ethereum. Plus, if Ethereum solves it's scalability issues, BNB and plenty other similar Ethereum copies has 0 use.

Also to add, Ethereum's genesis block was created in 2015, so it's yet to be a decade.

I agree that BNB will have a hard time if it wants to compete with Ethereum, but the reality is that currently BNB continues to trail Ethereum. Whether we admit it or not, BNB is liked by many people because transaction fees are cheap when compared to Ethereum. If only Ethereum could overcome the problem of high GAS fees, then Ethereum would be even more invincible.

True, the problem among small investors is that GAS fees are high when transacting ethereum, so that's a bit of a hindrance. while bnb has the advantage of cheaper costs, but that is also a problem because in the end many fraudulent projects are born from this network.

I haven't seen which one will be a competitor to ethereum and I'm not thinking about it either, because right now I'm more focused on seeing which one will be more profitable. 

[dekafee79]

BNB is no competition to Ethereum, it's centralized, literally single entity handles it (that being Binance) and suffers from same congestion issues as Ethereum. Plus, if Ethereum solves it's scalability issues, BNB and plenty other similar Ethereum copies has 0 use.

Also to add, Ethereum's genesis block was created in 2015, so it's yet to be a decade.

I agree that BNB will have a hard time if it wants to compete with Ethereum, but the reality is that currently BNB continues to trail Ethereum. Whether we admit it or not, BNB is liked by many people because transaction fees are cheap when compared to Ethereum. If only Ethereum could overcome the problem of high GAS fees, then Ethereum would be even more invincible.

True, the problem among small investors is that GAS fees are high when transacting ethereum, so that's a bit of a hindrance. while bnb has the advantage of cheaper costs, but that is also a problem because in the end many fraudulent projects are born from this network.

I haven't seen which one will be a competitor to ethereum and I'm not thinking about it either, because right now I'm more focused on seeing which one will be more profitable. 

In my opinion, BNB and Solana are two networks that will become ethereum competitors in the future. Solana and BNB gas fees are cheaper than ethereum, because many people complain about the high gas fees from ethereum. and currently many investors have started to switch to alternative ethereum networks, such as Solana, BNB and sometimes I also use TRX

[$crypto$]

True, the problem among small investors is that GAS fees are high when transacting ethereum, so that's a bit of a hindrance. while bnb has the advantage of cheaper costs, but that is also a problem because in the end many fraudulent projects are born from this network.

I haven't seen which one will be a competitor to ethereum and I'm not thinking about it either, because right now I'm more focused on seeing which one will be more profitable. 

In my opinion, BNB and Solana are two networks that will become ethereum competitors in the future. Solana and BNB gas fees are cheaper than ethereum, because many people complain about the high gas fees from ethereum. and currently many investors have started to switch to alternative ethereum networks, such as Solana, BNB and sometimes I also use TRX

To be honest, I don't see that difference, because currently there are still many people who use ethereum, even though they have switched to other cheaper networks, but they are still active on the ethereum network.

Even if there is something that can compete with Ethereum, I think we will see that in the future and it will still be a long time before we can see it. Many speculations have emerged, but until now this has not happened.

[dekafee79]

To be honest, I don't see that difference, because currently there are still many people who use ethereum, even though they have switched to other cheaper networks, but they are still active on the ethereum network.

Even if there is something that can compete with Ethereum, I think we will see that in the future and it will still be a long time before we can see it. Many speculations have emerged, but until now this has not happened.

ethereum is the largest network and is integrated with many large projects, so this network is still widely used. Moreover, large investors prefer to use the ethereum network over others, because high gas fees are not a problem for them. but to be honest, as a small investor, I would really suffer if ethereum gas fees rose high. that's why I switched to Solana, BNB and Tron.

[bounceback]

ethereum is the largest network and is integrated with many large projects, so this network is still widely used. Moreover, large investors prefer to use the ethereum network over others, because high gas fees are not a problem for them. but to be honest, as a small investor, I would really suffer if ethereum gas fees rose high. that's why I switched to Solana, BNB and Tron.

Many top potential coins have Eethereum network and keep raise to higher price than other network, I think its special side of Ethereum make them success raise higher price and difficult for any coins else become the biggest competitor. For ethereum fees currently have drop and I think give benefit for all investor want to make ethereum as their main altcoin investing and benefit for other coins with Ethereum network raise huge transaction in the future.
BNB, Solana and Tron have lower fees but only BNB as the bigger opportunity become competitor for Ethereum in the future exactly the higher price raise.

[$crypto$]

To be honest, I don't see that difference, because currently there are still many people who use ethereum, even though they have switched to other cheaper networks, but they are still active on the ethereum network.

Even if there is something that can compete with Ethereum, I think we will see that in the future and it will still be a long time before we can see it. Many speculations have emerged, but until now this has not happened.

ethereum is the largest network and is integrated with many large projects, so this network is still widely used. Moreover, large investors prefer to use the ethereum network over others, because high gas fees are not a problem for them. but to be honest, as a small investor, I would really suffer if ethereum gas fees rose high. that's why I switched to Solana, BNB and Tron.

From the start we talked about high gas fees being a problem for small investors, while for large investors they don't have a problem with it, because they will definitely get much bigger profits. Meanwhile, for small investors, perhaps the gas costs they have to pay will be very noticeable in reducing their profits.

One of our hopes is that we can definitely get lower gas costs that can be felt when transacting on this network.

[dekafee79]

From the start we talked about high gas fees being a problem for small investors, while for large investors they don't have a problem with it, because they will definitely get much bigger profits. Meanwhile, for small investors, perhaps the gas costs they have to pay will be very noticeable in reducing their profits.

One of our hopes is that we can definitely get lower gas costs that can be felt when transacting on this network.

High gas fees have always been a problem for small investors like us, because our benefits are not much while gas fee is very high, so many are switched to other networks. But for large investors they continue to use expensive networks of gas fees, because with large capital they get big profits.

[$crypto$]

From the start we talked about high gas fees being a problem for small investors, while for large investors they don't have a problem with it, because they will definitely get much bigger profits. Meanwhile, for small investors, perhaps the gas costs they have to pay will be very noticeable in reducing their profits.

One of our hopes is that we can definitely get lower gas costs that can be felt when transacting on this network.

High gas fees have always been a problem for small investors like us, because our benefits are not much while gas fee is very high, so many are switched to other networks. But for large investors they continue to use expensive networks of gas fees, because with large capital they get big profits.

What we can do is wait until the gas costs we will incur are smaller, and that takes time. so that when we want to quickly make a transaction for one reason or another we can't do it.

But even so, we still hold ethereum because we also see the potential that we will get, even though it is with the thing we are talking about here, namely paying high gas fees. This proves that this coin has a high level of trust, so we are willing to pay higher fees compared to other networks.

[doc]

From the start we talked about high gas fees being a problem for small investors, while for large investors they don't have a problem with it, because they will definitely get much bigger profits. Meanwhile, for small investors, perhaps the gas costs they have to pay will be very noticeable in reducing their profits.

One of our hopes is that we can definitely get lower gas costs that can be felt when transacting on this network.

High gas fees have always been a problem for small investors like us, because our benefits are not much while gas fee is very high, so many are switched to other networks. But for large investors they continue to use expensive networks of gas fees, because with large capital they get big profits.

What we can do is wait until the gas costs we will incur are smaller, and that takes time. so that when we want to quickly make a transaction for one reason or another we can't do it.

But even so, we still hold ethereum because we also see the potential that we will get, even though it is with the thing we are talking about here, namely paying high gas fees. This proves that this coin has a high level of trust, so we are willing to pay higher fees compared to other networks.

Ethereum is the king of altcoins, of course it still has high trust from its community and we know that the ethereum community is very large, especially since many whales still hold large amounts of ethereum and they don't care about high gas fees. Only small investors complain about this gas problem, because for us it is very difficult. We have to wait for the time to make a transaction looking for the right time where the gas fee is cheaper.

[joniboini]

I wonder if there are stats that show the average value of ETH transactions to see if the number of "small investors" is huge or not. I found this one[1] and it says the average transaction value is around $3k for 40k transactions, but it's unclear whether most transactions are above the median value. The average fee is also quite small, which can be corroborated with other sources like Etherscan. At the very least, in the last 24 hours, the fees for ETH are quite cheap. Not sure if you interact with smart contracts though. CMIIW.

[1] https://bitinfocharts.com/ethereum/

[libert19]

^ Ethereum gas fees have been pretty cheap since months now, but it's due to low activity, for sure it gonna go back up to its insanity when peak activity happens.

If Ethereum could continue with it's about a dollar gas fee, it's a good network to use (albeit, still expensive compared to Solana and other Layer 2s) but unfortunately it doesn't happen either and easily gets congested during peak times and you see fees shooting up to $20-$100 or even more.

[$crypto$]

What we can do is wait until the gas costs we will incur are smaller, and that takes time. so that when we want to quickly make a transaction for one reason or another we can't do it.

But even so, we still hold ethereum because we also see the potential that we will get, even though it is with the thing we are talking about here, namely paying high gas fees. This proves that this coin has a high level of trust, so we are willing to pay higher fees compared to other networks.

Ethereum is the king of altcoins, of course it still has high trust from its community and we know that the ethereum community is very large, especially since many whales still hold large amounts of ethereum and they don't care about high gas fees. Only small investors complain about this gas problem, because for us it is very difficult. We have to wait for the time to make a transaction looking for the right time where the gas fee is cheaper.

Agree with you that ethereum has a large community so it's not surprising when ethereum is said to be the king of altcoins. Actually, it has been said that big investors or what we often call whales will not mind high gas costs. This is only complained about by small investors.

But once again in reality, even though small investors often complain about the costs they have to pay, they are still loyal to being part of ethereum holders.

[doc]

Agree with you that ethereum has a large community so it's not surprising when ethereum is said to be the king of altcoins. Actually, it has been said that big investors or what we often call whales will not mind high gas costs. This is only complained about by small investors.

But once again in reality, even though small investors often complain about the costs they have to pay, they are still loyal to being part of ethereum holders.

Yes, even though ethereum's gas fees are high, many still have it because they hope to make a profit from ethereum during the bullish season, they understand that ethereum is a safe coin to hold long term. but it is possible that ethereum will be replaced by other coins such as BNB and Solana in the future.