Grayscale, the world’s largest cryptocurrency manager in terms of the total value of assets managed, likened the Ethereum blockchain system to those of New York City.
About Ethereum in Grayscale’s report on smart contracts:
Ethereum is like New York City. Spacious, expensive and cramped in certain areas. It also has the richest ecosystem. It is 10 times larger than competing networks and has a total value of over $100 billion.
said.
In Grayscale Solana Los Angeles’likened it.
In the report prepared by Grayscale, Ethereum; He compared it to competing blockchain systems such as Solana (SOL), Avalanche (AVAX), Polkadot (DOT), Cardano (ADA), and Stellar (XLM). Grayscale presents this report, which offers the opportunity to invest in platforms where smart contract technology can be used. after the news that he had created a new fund published. In this fund no ethereum known.
In the portfolio of the fund Cardano (ADA), Solana (SOL), Avalanche (AVAX), Polkadot (DOT), Polygon (MATIC), Algorand (ALGO) and Stellar (XLM) Grayscale’s CEO, Michael Sonnenshein, said in a statement that the purpose of the fund is to provide investors. to provide diversity by offering the possibility of more than one platform had stated.
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The firm was previously due to demand from DeFi and NFTs. due to high transaction fees “Users who switch to another blockchain”moving to a cheaper city“He compared.
In its report, Grayscale said, “In our opinion, the DeFi and Metaverse markets are a part of the entire digital asset market. $2 trillion worth of bigger.” said