Polkadot’s Valuation Overtakes Ghost Chains EOS, Cardano in Just Six Days

2020-8-26 16:22

Polkadot’s $4.2 billion market cap puts it ahead of competitors like Tezos, EOS, and Cardano less than a week after its native DOT token went live. The blockchain already has teams actively building on the application layer, making it a serious competitor to heavyweights like Ethereum and Cosmos.

Why Polkadot’s High Market Cap Is Justified

Polkadot’s launch was one of the most highly-anticipated events of the year for crypto.

The blockchain’s mainnet kicked off in May 2020, but DOT tokens were only made transferable on Aug. 19, making the network truly functional. DOT tokens listed on crypto exchanges after the network passed a resolution for a 100:1 redenomination to decrease token price and increase supply.

Polkadot’s total network value is listed above the likes of Tezos, Cosmos, and EOS. This may surprise many since these blockchains have been live for years.

Developers have been flocking to build on Polkadot’s application layer, which is more than some of these other blockchains can claim. Stafi, Acala, and Sora Network are a few projects that are building a DeFi ecosystem on Polkadot.

Existing protocols like Chainlink are also building the necessary infrastructure to bring oracles to the Polkadot blockchain.

Apart from Ethereum, Polkadot and Cosmos are the only smart contract platforms that builders are seeking out as potential layer one blockchains. This is in part because these blockchains have interoperability solutions built into their core.

Smart contract platforms with valuations over half a billion dollars include Tezos, EOS, Cardano, NEO, TRON, and Cosmos. However, the combined activity on these blockchains is a drop in the ocean compared to Ethereum.

A past study also found that 82% of all Tezos transactions and 95% of EOS’s activity are meaningless.

Crypto valuation techniques are nascent and undeveloped. The only method that has widespread consensus is the use of relative valuations. In this light, Polkadot’s valuation compared to Cardano, EOS, and Tezos certainly makes sense.

If Polkadot is attracting more developers and potential users than existing solutions, it makes sense to price the network higher than these alternatives.

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cardano eos polkadot week less tezos native

Источник: cryptobriefing.com

cardano eos → Результатов: 126


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2018-9-17 03:02


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Брокер EF Hutton проведет оценку семи криптовалют

Американская брокерская компания EF Hutton проведет анализ семи крупнейших криптовалют. Об этом пишет Globe News Wire со ссылкой отчет компании, полная версия которого доступна только зарегистрированным пользователям.

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Coinbase Custody планирует добавить поддержку 37 новых криптоактивов

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2018-8-6 11:29


Фото:

Coinbase Custody добавит 37 криптовалют

Подразделение криптовалютной биржи Coinbase Custody, которое рассчитано на институциональных инвесторов, сообщил о возможности добавления в листинг сразу 37 новых криптовалют. Среди них есть как крупные монеты и токены, например Ripple, EOS, Cardano, Stellar, NEO, так и менее известные криптовалюты.

2018-8-4 18:33


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2018-8-4 10:49


Why Bitcoin Always Gains Against other Altcoins and Move Their Prices

Recent times, the price of Bitcoin has risen so high beyond our expectation to the point that it had added more than $2000 in less than 10 days. To some, it will be a mystery since other top altcoins like ethereum, XRP, Bitcoin cash, EOS, litecoin, cardano, Stellar Lumen, Tron are just following The Price […] The post Why Bitcoin Always Gains Against other Altcoins and Move Their Prices appeared first on ZyCrypto.

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