We are all fed up with Ethereum gas fees. Fortunately, many alternatives exist today, but they do not have all the same success:
- Solana is still promising, but suffers from multiple outages - the last one provoked many liquidations last weekend... Not acceptable
- Avalanche has no problem at all and allows to get excellent farming yield through DeFi protocols such as TraderJoe's & Beefy Finance
- Cardano took months to finally launch some DEX but it finally results in a dispute between SUNDAESWAP and CARDSTARTER... Pathetic
- Tezos, which is much lower in the market cap ranking, does not have the same problems as Cardano and already offers a good DeFi environment
- Fantom, Harmony, Polkadot, Cosmos, Terra, Tron, EOS could be all good alternatives... Provided that each of them is decentralized enough... DYOR
- A special mention to Moonbeam, which recently launched its mainnet with their coin GLMR and high farming reward DeFi protocols like Stellaswap
In summary, instead of trusting the numerous marketing news spread out by excellent marketing teams, just do your own analysis and focus on the Ethereum's competitors which are still low in market cap but offer a good DeFi environment and do not suffer from any outage. In that perspective, instead of focusing on Solana and Cardano which mainly benefit from a good marketing and community, it might be worth investing a bit more in:
- Avalanche (AVAX) which recently decreased due to the Bitcoin crash and offers excellent DeFi protocols
- Tezos (XTZ) which recently gained more exposure through the launch of Tezos ETP on 21Shares ETF
- Moonbeam (GLMR) which has still a huge room for growth...
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