IMHO, I believe that if Ethereum will not solve its monstrous fee problem it will create a negative effect on their side
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sadly not everyone feel the same way about the huge price as gas fee, Lious Thomas even consider it an advantage and a recent interview with Vitalik didnt consider it a problem.
~snip
yeah, and indeed, Ethereum should be considered as whale network at the moment, which should increase the network value after all, do not see why that should be otherwise, and whole amount of money in DEX on Ethereum is enormous, it is not get-rich-quick on Uniswap anymore, it is put your funds in LP, and enjoy passive income feature for whales now
More projects are choosing Binance smart chain as an alternative of Ethereum, but it's far from ADA. Also, it might gain on ADA's position if current bullish trend is going on and BNB carry on with current pumps. On the other hand, same scenario might happen with ADA and become the first one to enter into 100 Billion market capped coin.
bear in mind that ADA did not had smart contracts feature, and they are still on the test-net, so projects could not pick ADA before, seems that Singularity is a first project to pick ADA at the moment, TRX and BNB are mostly copying Ethereum infrastructure, with some improvements for Gas costs, on a merit of security and decentralization, so it is good for retail traders, but one should think twice for larger amounts of money