Hi, Insight Readers. To date, Ethereum holds the most dominant smart contract platform and most utilized blockchain application for developers and projects on which to build and launch Dapps.
On the other hand, there are a dozen more blockchains that can run smart contracts. Assets dubbed as potential “Ethereum killers” -or rivals to the Ethereum blockchain- gained attention over the cryptoverse during the month of August.
These blockchains are leveraging the low gas fees, enhanced scalability, and fast transaction speed, which are Ethereum’s main shortcomings.
As we evaluate the top performing assets over the 30-day period, it’s not a surprise that these ETH competitors are lining up in our chart. Below we’ll take a look at which assets made the top of the list.
Solana’s SOL token rose +240.14% in August and closed its month-end price at €91.96. SOL is now classified as one of the top 10 valued cryptocurrency with €26,767,854,249 market cap.
Solana claimed to be fastest with 50,000 TPS, and an average block time of 400 milliseconds. More than 400 projects are being developed in the ecosystem covering Defi, NFTs, and Web3.
Avalanche saw its native cryptocurrency AVAX tripled in price over the month, earned around +211%. The Avalanche Foundation kicked off a new initiative titled “Avalanche Rush.” The $180 million program aims to bring DeFi applications to the network, starting with some of the largest DeFi protocols, Aave and Curve.
NEAR Protocol is another decentralized application platform that focuses on developer and user-friendliness. Its native NEAR tokens gained +134.69%.
List of top 10 interest earning assets that are available on MyCointainer Platform can be found below:
Top 10 Performing Interest Earning Coins this month:
- Solana (SOL) + 240.14 %
- Avalanche (AVAX) + 211.46 %
- Near Protocol (NEAR) + 134.69 %
- Cardano (ADA) + 112.07 %
- Cartesi (CTSI) + 98.87 %
- Elrond (EGLD) + 96.06 %
- Kusama (KSM) + 91.65 %
- Kava.io (KAVA) + 89.60 %
- Cosmos (ATOM) + 87.46 %
- Waves (WAVES) + 79.99 %
Interest earned on those 10 top crypto assets this month:
- Solana (SOL) + 0.027 SOL
- Avalanche (AVAX) + 0.095 AVAX
- Near Protocol (NEAR) + 0.44 NEAR
- Cardano (ADA) + 0.36 ADA
- Cartesi (CTSI) + 9 CTSI
- Elrond (EGLD) + 0.0011 EGLD
- Kusama (KSM) + 0.0057 KSM
- Kava.io (KAVA) + 0.039 KAVA
- Cosmos (ATOM) + 0.063 ATOM
- Waves (WAVES) + 0.030 WAVES
5 coins that positioned themselves just outside of the top 10 are: Tezos (XTZ), Polkadot (DOT), Qtum (QTUM), Horizen (ZEN), and Syscoin (SYS).
It is best to invest your time to DYOR about the use-cases of these blockchain projects which are likely to be better than the other. There are countless hidden gems around, you just have to look and literally read the details.
MyCointainer will help the members of the community reach the maximum reward everyone deserves. With zero staking and withdrawal* fees, the rewards will compound exponential on your assets.
Happy staking everyone.