Also, ADA and Ether have different monetary policies. The maximum supply of ADA is set at 45 billion, according to CoinMarketCap.com, of which 34 billion coins are currently in circulation (as of November 9, 2022). Ether does not have a “hard cap” on the number of coins.
Additionally, Cardano’s upcoming Alonzo hard fork upgrade is expected to significantly improve its functionality and attract more DeFi app developers to its network. (In blockchain technology, a hard fork is a drastic change in a network’s protocol that requires all users to upgrade to the latest version of the software.)
avalanche
Avalanche is another Proof-of-Stake (PoS) blockchain that is said to be one of the fastest smart contract platforms. Its native coin, AVAX, is the 19th largest crypto by market cap at the time of writing, according to CoinGecko.
Ethereum rival Avalanche is a Layer 1 (L1) blockchain capable of hosting decentralized applications and custom blockchain networks. (Layer 1 protocols are the foundation of what can be built on top of the blockchain and how quickly transactions are processed.) As a smart contract platform, Avalanche can confirm thousands of transactions in less than a second.
Avalanche is steadily taking the market share of Ethereum due to its cost efficiency and faster transaction speeds. As a result, Avalanche has raised significant funds, which it is using to further strengthen its vibrant ecosystem, according to a note from JPMorgan to investors.
The AVAX supply is limited to approximately 411 million coins per CoinGecko, with nearly 300 million currently in circulation. As of early November 2022, Avalanche has a total locked value (TVL) of $1.07 billion, the total value of crypto assets deposited in a specific DeFi protocol.
Speckle
Polkadot (DOT), a relatively new kid on the crypto block, is quickly gaining traction and climbing the crypto rankings. Launched about a year ago, it is already the 11th largest coin by market value as of November 9, 2022, proving its usefulness, technological prowess and growing popularity.
Polkadot is a multi-chain blockchain with a unique architecture that connects different blockchains into a single unified network. While its competing blockchains operate independently, Polkadot serves as a connecting bridge between blockchain networks. In other words, the Polkadot network functions as a blockchain of blockchains.
