ETH Analyst Compares ADA, Polygon, BSC and AVAX: Results!

An Ethereum (ETH) analyst, who is well-known to cryptocurrency investors, compared the fees of Cardano (ADA), Polygon, BSC, Avalanche. Blockchain analyst alias Polynya.eth shares his comparative research of exchange fees on mainstream L1s, L2s and some DeFi protocols, cryptocoin.com We take this comparison under the microscope.

ADA watches over expensive ETH

High transaction fees should be considered one of the most dangerous bottlenecks of the global DeFi ecosystem. During periods of network congestion, they can paralyze dApps and make trading unprofitable. Cardano (ADA) remains the most expensive platform outside of Ethereum (ETH). Polynya.eth on Twitter considered several Tier 1 platforms (Ethereum, Avalanche, Binance Smart Chain, Cardano) and Tier 2 scalability solutions for Ethereum (Optimism, Arbitrum) to find which one is the most cost-effective.

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When it comes to simple swaps, next-gen smart contract platforms seem to be able to offer really low fees. For example, Polygon (MATIC) charges users $0.006, while Solana (SOL) can exchange assets for three times lower fees. Terra (LUNA) and Fantom (FTM), the most overrated dApp hosting platforms of Q1 2022, charge $0.09 and $0.02 for their transactions, respectively.

How about the Ethereum killers?

“Classic” Ethereum killers BSC (now BNB Chain) and Avalanche offer $0.37 and $0.39 commissions for cross-asset swaps. By contrast, Cardano’s fees are still over $2, adds @epolynya in the comments. This makes the largest proof-of-stake (PoS) network the most expensive blockchain for dApps other than Ethereum (ETH). But the most interesting result of this research is the impressive progress of layer two solutions for aggregations-based Ethereum (ETH). This technology significantly reduces transactional pressure on the Ethereum (ETH) mainnet by processing some data off-chain.

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zkSync technology allows users to exchange assets for a $0.1 fee, while Optimism with integrated ZipSwap charges $0.15 for a swap. This result seems revolutionary. They will be cheaper with more activities and even cheaper with optimizations. Further, the analyst adds that both Optimism and Arbitrum have major updates pending. Upcoming advances could make their fees 10 times lower than today.

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