THELOGICALINDIAN - n-a
Polkadot’s $4.2 billion bazaar cap puts it advanced of competitors like Tezos, EOS, and Cardano beneath than a anniversary afterwards its built-in DOT badge went live. The blockchain already has teams actively architecture on the appliance layer, authoritative it a austere adversary to heavyweights like Ethereum and Cosmos.
Why Polkadot’s High Market Cap Is Justified
Polkadot’s barrage was one of the best highly-anticipated contest of the year for crypto.
The blockchain’s mainnet kicked off in May 2024, but DOT tokens were alone fabricated communicable on Aug. 19, authoritative the arrangement absolutely functional. DOT tokens listed on crypto exchanges afterwards the arrangement anesthetized a resolution for a 100:1 redenomination to abatement badge amount and access supply.
Polkadot’s absolute arrangement amount is listed aloft the brand of Tezos, Cosmos, and EOS. This may abruptness abounding back these blockchains accept been alive for years.
Developers accept been absorption to body on Polkadot’s appliance layer, which is added than some of these added blockchains can claim. Stafi, Acala, and Sora Network are a few projects that are architecture a DeFi ecosystem on Polkadot.
Existing protocols like Chainlink are additionally building the all-important basement to accompany oracles to the Polkadot blockchain.
Apart from Ethereum, Polkadot and Cosmos are the alone acute arrangement platforms that builders are gluttonous out as abeyant band one blockchains. This is in allotment because these blockchains accept interoperability solutions congenital into their core.
Smart arrangement platforms with valuations over bisected a billion dollars accommodate Tezos, EOS, Cardano, NEO, TRON, and Cosmos. However, the accumulated action on these blockchains is a bead in the ocean compared to Ethereum.
A accomplished abstraction additionally found that 82% of all Tezos affairs and 95% of EOS’s action are meaningless.
Crypto valuation techniques are beginning and undeveloped. The alone adjustment that has boundless accord is the use of about valuations. In this light, Polkadot’s appraisal compared to Cardano, EOS, and Tezos absolutely makes sense.
If Polkadot is alluring added developers and abeyant users than absolute solutions, it makes faculty to amount the arrangement college than these alternatives.
