Ethereum, the second largest cryptocurrency, is the home of smart contracts and decentralized applications (dApps), holding a major share of the total value locked in the sector. Ethereum’s dominance in the dApp market was up to 90% before other rival platforms were created.
Nonetheless, Ethereum is still the undisputed king of dApps. Despite its high fees, the platform is still the first choice for different applications, ranging from finance, exchanges, and storage to gaming, non-fungible tokens (NFTs), and governance. This shows how far it has come since its whitepaper was published in 2013.
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