Ethereum Competitors Like Solana (SOL) and NEAR Set for ‘Immense Growth’ This Year: Pantera Capital

Digital asset investment giant Panthera Capital presents bullish prospects to Ethereum (ETH) competitors such as Solana (SOL) and Nia in 2022.

In a recent letter to investors, Panthera Partner Paul Veradita Kit Tells Rival smart contract platforms have captured Ethereum’s market share, accounting for just 63% of the total value locked (TVL) for decentralized finance (DeFi), down from 97% in early 2021.

Viradita kit says so Solana (sol)It aims to be a faster and cheaper alternative to Ethereum, ready for growth in 2022, backed by a growing number of projects in its ecosystem.

“Solana, which offers unparalleled transaction throughput, recorded a staggering 2021 with a TVL peak of $15 billion and a peak price of $15 billion in November, compared to $0.22 when it opened in April 2020. It reached $260. Huge funding for social media reports And decentralized gaming indicates that the ecosystem will continue to grow exponentially next year.”

Viradita kit says so almostIn April, we launched RainbowBridge, which can move crypto assets between blockchains, and is on the cusp of massive growth.

“Bridges like the NEAR rainbow bridge (which allows for interoperability between very different networks) increases access to liquidity and allows for easier formation of digital assets, allowing no use of Ethereum. It helps accelerate the growth of the Liam ecosystem. Also, Ethereum virtual machine platforms make (EVM) Like Aurora in NEAR Ethereum-based DApps (Distributed Applications) are easy to run in other chains. Cross-chain sharing is enhanced within DeFi.”

At the time of writing, Solana has a net worth of $94.85 and Nair has a net worth of $11.35. Ethereum It is trading for $2,388.35.

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