Are there any competitors to Ethereum worth investing?
The metric TVL (Total Value Locked) is the defacto metric used to measure DeFI adoption and measures the dollar sum of collateral deposited in that specific application. Ethereum is leading with $128b and a 57% marketshare.
As you can see from the following chart, the situation has changed dramatically in just 1 year. A year ago, Ethereum had a greater than 90% share.
So does that mean we should now look to some Ethereum competitors to invest?
Who are the new investors who have risen up in the last year?
The third place BSC (BNB) with $14b TVL looks quite expensive with a Mcap/TVL ratio of 4.395 which is higher than Ethereum. There is also a +1% 1m change there, which isnt very much.
The Cronos (CRO) has a +30% 1m change but also looks expensive compared to Ethereum with a ratio of 4.45.
Terra (LUNA) and Tron (TRON) look cheaper than Ethereum and have some good gains in the last month, especially LUNA. Fantom however stands out with a +2% change in the last month and looks much cheaper with a ratio of 0.37.
Key Takeaways:
-Cronos has the fastest growth in TVL in the last month in the Top 10
-Fantom has the lowest valuation when looking at Mcap/TVL ratio
-TERRA is 2nd place with a nearly 9% total market share, the others have a much small market share
Which competitors would you invest in and why?
This is an update of an article previously published on LeoFinance.io.
