https://www.linkedin.com/pulse/waiting-ethereum20-panoramics-competitors-andrea-belvedere/?trackingId=NMbTtfw2RsiLWLpkJ4GExQ%3D%3D
While Ethereum has consolidated its leadership in the crypto sphere, thanks to its network effect and one of the largest communities in the crypto landscape, new competitors are appearing on the horizon undermining the primacy and trying to grab a slice of the market worth almost $2 Trillion. Today there are over 100 different Layer-1 blockchains competing against each other and although at least 50% of the total market capital is firmly in the hands of BTC and ETH, new entrants are mainly focused on mitigating the weaknesses of Ethereum: Smart Contract, scalability, transaction costs. In Ethereum, transactions require “gas” paid in Eth, the more effort required to calculate the EVM, the more gas you need, the more ETH you have to pay for the transaction.