Can Cardano Really Kill Ethereum?!

Can Cardano Really Kill Ethereum?!

By xuanling11 | Crypto Learning | 13 Sep 2021


Cardano got its own smart contracts capabilities. Oh yeah! 

However, can Cardano make damage on Ethereum? Let’s see how to kill Ethereum.

 

Market Cap

Ethereum’s market cap is about $392 billion. Cardano’s market cap is about $79 billion or one-fifth of Ethereum.

 

Trading Volume

Cardano is $8 billion per day or half of Ethereum’s trading volume at $16 billion per day.

 

Transaction Speed

Ethereum can transact 20 per second but Cardano can transact up to 250 per second. Cardano is 12 times faster than Ethereum.

 

Better does not mean faster

There are over 3,000 Dapps in the Ethereum network ranging from MakerDao, Uniswap, Chainlink, and more. They are well-known projects worth billions of dollars. 

There are around 60 Dapps in the Cardano network and thousands may expand into the Cardano. 

 

What makes developers move from one platform to another

If there is a cross-chain capability for Dapps in the future, Cardano may become a better choice of platform to run with. 

 

Is Cardano ready to kill? 

I think Cardano may need time to get congested and test its capability to handle more transactions to see how its fee can capable to scale up.

 

In conclusion

I think Cardano is great crypto and it has great potential for the future. However, without a test, everything is just imaginary.



Photo by Attentie Attentie on Unsplash

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