At the end of 2021, many people will call the “Ethereum Killer” Some of the smart contract platform tokens, often referred to as , will overthrow the second largest crypto asset by market cap in 2022. The Ethereum killer has outperformed the leading smart contract platform tokens, and many of these tokens have lost a significant amount of value during the crypto winter.
Ethereum Outperforms Competitors in Market Cap, Decentralized Financial Action and Irreversible Token Sales
December 23, 2021, Top Smart The total contract platform coin was valued at approximately $823 billion, while Ethereum (ETH) accounted for 59.42% of the total market cap at that time. Today,December 30, 2022, the crypto economy’s top smart contract platform coin is valued at $239 billion, whileETHhas a market capitalization of approximately $144 billion. According to the data, the market cap ofETHrepresents 60.25% of the total value of all the top smart contract platform tokens listed today.
Last year, when the coin economy of smart contract platforms became more valuable, many people believed thatETH was stolen by a large number of ‘Ethereum killers. I thought it could be “turned over”. About a year ago, the publication Forkast published a editorial called “The Top 5 Ethereum Killers”,BNBSolana (SOL), Cardano (ADA), avalanche (AVAX), polkadot (DOT). Several of these coins were top 10 contenders in December 2021, but only BNB and ADA remain, with Polygon (MATIC) recently making the top 10 entered.
OnDecember 24, 2021,BNB traded at $547.12 per unit, making it the second largest smart contract It was a platform coin. time. Today, it is still the second largest smart contract platform token, but the value of the digital currency has fallen 55.19% from its record price of $547 in December 2021. Over a year ago, it was trading at $189.43 per unit as of the end of December 2021. Today, SOL is the 7th largest smart contract coin by market capitalization and SOL holds the 19th largest capitalization in the entire crypto economy.
metrics show that smart contract coin SOL has lost 94.81% of its USD value since December 23, 2021. Cardano (ADA) was his fourth largest smart contract asset. On December 23, 2021,ADA were trading at $1.48 per unit. ADA was also the 7th largest market capitalization in the entire crypto economy. Today, December 30, 2022, Cardano is trading at $0.24 per coin, dropping to the 9th largest market valuation. On December 23, 2021, Terra’s LUNA was the fifth largest smart contract coin at the time, with LUNA (now called LUNC) trading at $93.24 per coin. LUNA was also the 9th largest market cap across the crypto economy in the last month of 2021.
LUNA pricing will be fully retired on December 30, 2022 at $0.000140 per unit. Polkadot (DOT) was the sixth largest smart contract token. Today it has moved to fifth position. However, while last year DOT was the 10th largest crypto market cap, DOT is now in the 13th largest position. At the time, DOT was trading at $29.39 per unit on December 23, 2021. Today, DOT has fallen 85.30% and is trading at $4.32 per coin. Avalanche (AVAX) used to be the 7th largest smart contract coin, but now AVAX is in the 8th position. On December 23, 2021, AVAX traded at $121.88 per coin, dropping to $10.83 per unit on December 30, 2022.
Finally, Polygon was the 7th largest smart contract coin last year, but now he is in the position of the 4th largest smart contract token. Additionally, Polygon (MATIC) is in the 14th largest position overall in December 2021 and today he managed to enter the 10th position. Last year, MATIC was trading at $2.67 per coin, but has now fallen to $0.75 per unit, a loss of around 71.91%. None of the so-called ‘Ethereum killers’ ETH were able to bring him down a notch, butETH has lost a bit of control after December 23, 2021. I was. At that time,ETH had a dominance of around 19.5%, but today, the second largest crypto asset’s dominance has dropped to 17.4%.
Image Credits: Shutterstock, Pixabay, Wiki Commons