Cardano
Ethereum Shadow Fork 9 Going Live Surges ETH, But Bitgert Remain competitive
Key Points:
- The Ethereum team is working on the final stages of the ‘merge,’ with the ninth Ethereum shadow fork going live
- Ethereum’ merge’ is slated for the Augusts launch
- Bitgert BRC20 is still challenging Ethereum as one of the best blockchains in the industry
The Ethereum team is working on the final touches of the widely anticipated Ethereum merge slated for this August. The past few weeks have seen the Ethereum team launch multiple shadow forks in readiness for the actual merge.
The Ethereum Shadow Fork 9 was very key because it included the migration to the Proof-of-stake, which will be a game changer for the Ethereum chain. The major purpose of the Ethereum 2.0 is to address the many problems of Proof-of-Work.
Ethereum Shadow Fork 9 was a success, and it’s a crucial step towards the Ethereum merge. The Ethereum chain scaling and transaction costs are going to be improved with the merging of Ethereum 2.0 and the old Ethereum 1.0. That’s why the merge is one of the most anticipated Ethereum developments.
However, even with the Ethereum blockchain scaling increasing and the gas fee reducing, there is a lot of competition in the industry. The Ethereum chain is increasingly being challenged by the Bitgert BRC20 blockchain.
Bitgert blockchain is more scalable and cheaper than Ethereum. In fact, the Bitgert chain’s $0.00000001 gas fee is something that Ethereum might find difficult to compete with. The Bitgert blockchain has a 100k TPS, which is thousands of times faster than Ethereum 1.0. Though Ethereum 2.0 might reach the 100k TPS, it will be difficult to break the Bitgert record.
Therefore, Bitgert has the potential to be the next big thing. Even if other blockchains become more scalable, it will be difficult to beat Bitgert chain’s zero gas fee. The Bitgert zero gas fee is actually the reason why the Bitgert chain is currently the most adopted blockchain in the market.
The Bitgert blockchain will remain one of the biggest Ethereum competitors. Unless the Ethereum chain can beat the Bitgert gas fee, Bitgert BRC20 has everything to remain one of the most dominant blockchains. Bitgert will still remain the best option for blockchain developers and users.
The Bitgert team is still working on the Bitgert blockchain, and thus there might be more upgrades coming up. So Bitgert is a crypto project to watch in 2022.
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Original Source: https://www.analyticsinsight.net/ethereum-shadow-fork-9-going-live-surges-eth-but-bit…
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Popular Cardano-based decentralized exchange WingRiders has lost its position as the most valuable DEX on Cardano.
WingRiders slumped from the first position to third after losing more than 59% of the total value locked (TVL) on the platform in the past 30 days.
At the time of writing this line, WingRiders is now the third-largest DEX by total value locked, with a TVL of $19.66 million. It is noteworthy that WingRiders maintained the top spot for more than two months, claiming 42% of TVL On Cardano. However, the DEX has fallen from glory ever since.
Minswap Is Now Cardano’s Most Valuable DEX
The development also affected the total value locked on Cardano. The total value locked on Cardano has fallen below $100 million in the last 30 days after the WingRiders TVL slumped.
Interestingly, Minswap has taken the lead to become the most valuable decentralized exchange on Cardano after the massive decline of WingRiders’ TVL.
At press time, Minswap is leading, with a $49.09 million total value locked on the platform. The DEX hit the milestone after recording a massive growth of 30.9% in its TVL in the past 30 days. Minswap accounts for 51.82% of the total value locked on Cardano.
SundaeSwap, the first decentralized exchange on Cardano, is now the second most valuable DEX in the ecosystem. SundaeSwap is second in the ranking, with $19.72 million in TVL.
Like WingRiders, SundaeSwap has also lost a significant amount of its TVL over the past 30 days. In the past month, SundaeSwap has lost nearly 10% of the funds locked on the platform.
Commenting on the development, Cardano Daily, a platform that shares new developments about Cardano, said:
“After the major decline of @wingriderscom, the TVL scenario of the Cardano ecosystem has stabilized back to normal as we have seen in the past few weeks. @MinswapDEX still led the ecosystem with $51M TVL, contributing 50% of the ecosystem.”
CARDANO TVL STATUS
After the major decline of @wingriderscom, the TVL scenario of the @Cardano ecosystem has stabilized back to normal as we have seen in the past few weeks. @MinswapDEX still led the ecosystem with $51M TVL, contributing 50% of the ecosystem#tvl #cardano $ADA pic.twitter.com/xjZ6cHo8jX
— Cardano Daily (@cardano_daily) August 9, 2022
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