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This Is What Avalanche, Aptos, Solana & Oasis Network Have In Common & Shouldn’t Be Ignored

Julian Joseph Lehmann

July 23, 2023

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Solana, a high-performance blockchain, has maintained 100% uptime since February, demonstrating its robustness and reliability.

On the other hand, Aptos, a new user growth platform, has seen a 900% increase in user growth following its integration with the social media app, Chingari.

The Oasis Network has also made significant strides with the launch of Sapphire, an Ethereum-compatible privacy blockchain. This privacy layer allows developers to add instant privacy to any DApp on any Ethereum Virtual Machine compatible chain, a feature that could revolutionize privacy in the blockchain space.

Lastly, Avalanche, a scalable smart contract platform, has reached nearly 3 million active users in the first few weeks of July, setting a new all-time high for the Avalanche ecosystem. This surge in active users, even during a volatile market, underscores the growing interest and engagement in the cryptocurrency sphere.

All four chains show signs of healthy fundamentals growth which is not often the case in the hype-dominated crypto world.

In other news, a dormant Ethereum ICO participant has recently made waves by depositing a staggering 61,216 Ethereum into the Kraken Exchange. This move, after eight years of inactivity, has left the crypto community astounded, given the sheer value of the deposit, which would have peaked at around $250 million during the bull run.

Meanwhile, Ethereum’s Layer 2 networks are gaining traction, currently performing about three times the main net activity. With the upcoming EIP-4844, gas fees for these networks could potentially be reduced by up to 100x, making transactions significantly more cost-effective.

In conclusion, the cryptocurrency landscape continues to evolve and expand, with new developments and innovations continually reshaping the market. As these advancements unfold, they offer both challenges and opportunities for investors and participants in the crypto space.