The Most Popular Blockchain Platforms: Ethereum, BNB Chain, Solana

Bitcoin might be the most popular and the most valuable cryptocurrency, but it is not very popular when it comes to creation of smart contracts, Dapps or even tokens. Here are some of the most popular Blockchain Platforms

The Most Popular Blockchain Platforms

Ethereum: Undoubtedly Ethereum is the most popular and the most valuable Blockchain platform powering hundreds of thousands smart contracts, Dapps, and tokens. Ethereum native token ETH is second most valuable coin by market cap.  Ethereum has a market domainnance of 18.8 percent.

Polygon: Probably Polygon is the most popular blockchain platform after Ethereum. It was launched as Matic Network in 2017 and rebranded as Polygon in 2021. Polygon native currency Matic is priced $1.63 and is 16th by market cap.

Solana: Native token of Solana is SOL, which is 9th crypto coin by market cap. Since March 11, USDT, the largest stable coin by market cap, is on Solana Network. Solana offers faster transaction as well as has cheaper transaction cost, therefore, it is very popular among investors.

Polkadot: Polkadot is sometimes labelled as blockchain of blockchains due to its unique architecture. Polkadot native currency is called Dot and is priced $21.

Tron: Tron Blockchain’s native currency is called TRX and it has one of the fastest speed and cheap transaction costs on the entire cryptocurrency ecosystem.

Will BNB Chain Surpass Ethereum?

Recently, Binance united Binance Smart Chain and Binance Chain under one name BNB Chain. In doing so they also rebranded Binance Coin as BNB. This move was taken in order to reflect their native currency in their ecosystem. BNB stands for Build and Build, which is a gas token to fuels transactions on BNB Chain.

Binance blockchain is now competing with Ethereum as one of the most popular blockchain platforms for developing decentralized projects. BNB Chain is evolving as an Ethereum Alternative for smart contracts due to being cost efficient. BNB Chain is compatible with Ethereum Virtual Machine, therefore, transition from Ethereum is very easy. Some of the popular Dapps on BNB Chain are PancakeSwap, CryptoMines, BinaryX, etc.

Tokens created on Ethereum blockchain are called ERC20 and tokens created on BNB Chain are called BEP20. Creating tokens on BNB Chain is very easy compared to Ethereum or Tron, that’s why over the last few years Binance is evolving as better alternative to Ethereum.

Which is better ERC20 or BEP20? When you perform a transaction on with ERC20 token, you pay ETH as gas fees, and when you perform a transaction with a BEP20, you will pay gas fees in BNB. Since Ethereum gas fee is higher than NBN, many people are choosing BEP20 over ERC20.

Tron Blockchin Vs Solana Blockchain: Which One is Better

Here is a comparison between Tron Blockchain Tokens and Solana BLockchain Tokens

Tron Blockchin

Just like Ethereum Tron Blockchain can be used to create smart contracts and tokens. Some of the popular tokens on Tron BLockchain are

Tron (TRX): Priced 6 cents, TRX has a market cap of $6.72 Billion

BitTorrent-New (BTT): Ranks second by market cap in the Tron Ecosystem ($1.83 billion)

APENFT (NFT): ranks third, has a market cap of $478.63 million

New Earth Order Money (NEOM): Highest priced token in Tron blockchain ($31.55), and ranks 9th by market cap.

Solana Blockchain

Solana is an open source blockchain platform that can be used to create smart contracts, Dapps, and NFT.

Some of the popular coins and tokens on Solana Blockchain are:

Tether (USDT): USDT is a stable coin, which is the third crypto coin by market cap ($80 billion) and ranks tops the rank in Solana blockchain.

Terra (LUNA): LUNA is priced $93.81 and has the mrket cap of $33.85 billion and ranks second in Solana blockchain.

Solana (SOL) SOL is the third coin by market cap rank in Solana Blockchain, it is priced $103. Its all time high was $260 in November 2021.

Chainlink (LINK): LINK is the fourth token by market cap in Solana ecosystem with a market cap of $7 billion.

Verdict

Tron and Solana both are fast but Solana is more popular with investors.

First published on trendri, in author's name