ccording to a recent ETC Group report, it is advised to not overlook investments in major Layer 1 blockchains such as Ethereum, Solana as well as Aptos (APT). The report highlights their strategic importance in ones crypto portfolio.
Ethereum's Resilience:
Although Ether has outperform the recent months, and many investors started doubting their conviction in ETH, intensified with the current challenges such as the Dencum update and the low inflows into ETFS, ethereum is still leading the alt coin market with a market dominance of 45%.
Solana's Growth Potential:
On the other hand, Solana has proved itself as a high contentder to ethereum and has shown sustainable user and developer attraction, with $1 billion in bridged net flow growth in Q3, mainly due to the meme coin hype and interest. Its use of Rust for programming gives it an edge in developer adoption, encouraging developers to build on the Solana blockchain.
Aptos' Promise:
Aptos as well hass demonstrated a lot of potential with approximately 23% higher developer activity on its platform than average. It excels in blockchain gaming and efficient transaction processe. However, it is important to note that Aptos faces major challenges with the new Move programming language for developers and builders.
Key Layer-1 Holdings
However, despite these issues, ETC Group still believes that there are investment opportunities in holding ETH, SOL and APT as layer one continues to develop. But at the same time it is important for investors to do their due diligence and to monitor closely the challenges mentioned.
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