 ▲ Solana (SOL) ©Coin Leaders |
Jamie Coutts, a cryptocurrency market analyst at Bloomberg Intelligence, said on the 1st (local time) through .
A list of the L1 & L2s that have outperformed over the 12mth timeframe. There are 12 blockchains in that list. pic.twitter.com/NtMUerDC3R
— Jamie Coutts CMT (@Jamie1Coutts) July 1, 2024
In the analysis, he found that among 12 blue-chip smart contract platforms with reliable on-chain data, the projects that recorded solid network growth while increasing daily active wallets (DAU) and fee revenue were Solana (SOL) and Telegram Open Network. (TON, tone), NEAR, etc. were mentioned.
In the case of Ethereum (ETH) and BNB Chain (BNB), fee income decreased, but the number of users showed a steady or increasing trend, he added. He also said, “While Bitcoin (BTC) recorded a return of more than 100% over the past 12 months, the return of Ethereum, the leading smart contract platform, fell short of Bitcoin.
However, the market landscape is changing ahead of the recent approval of the spot ETF. “And in today’s market, there are a number of platforms that have emerged as competitors to Ethereum,” he added.
