DataLight Reveals Why Ethereum Takes Spotlight for Being First in Top 10 Platforms
- In a tweet made out on Monday, June 11, cryptocurrency analysis platform, DataLight posted a 28-second video summarizing the overall performances of networks that are deemed part of the top 10.
- It is evident that Ethereum has been taking first position in all categories. Let’s take a closer look at the different areas analyzed and how the top ten have been fluctuating.
— DataLight (@DataLightMe) June 10, 2019
Table 1: Data Obtained from DataLight, Found via Twitter 2019
Project Capitalization ($)
# of Projects in Ecosystem in Market
|Top Project on Platform|
Clearly, the Ethereum ecosystem takes the lead and without doubt stands on their own considering the project capitalization, and the number of projects that have since been established.
Ethereum Could Potentially Dominate Entire Crypto Ecosystem
NEO appears to follow suit if we had to consider project and ecosystem capitalization along with the number of projects. While TRON has previously made headlines, especially their acquisition of BitTorrent, it seems like they’ve only successfully housed two projects.
DataLight appears to have shared a similar view in terms of the aforementioned, highlighting the fact that three projects appear to be “fighting for the 2nd place,” which include NEO, Stellar, and Waves.
These three projects not only have relatively strong project and ecosystem capitalization, but also a significant number of projects supporting their likes. That is, if we discarded Ethereum altogether, as it would more or less become an outlier at a whole new extreme.
As for Ethereum’s spotlight, Coin Gape argues it is not too surprising bearing in mind that its sole purpose is to serve as a platform for smart contracts and DApps, both of which have gained popularity in recent times. It was also predicted by the news outlet that TRON may also be up in the race for second position over time.
What are your thoughts on the analytics provided? Are you at all surprised by the projects that have made the cut to begin with? Let us know in the comments below.