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These 6 'ethereum killers' could thrive in 2022 thanks to faster transactions and lower gas fees, according to a blockchain analyst tracking over 100 million crypto wallets

These 6 'ethereum killers' could thrive in 2022 thanks to faster transactions and lower gas fees, according to a blockchain analyst tracking over 100 million crypto wallets
"Ethereum killers" are layer-one blockchain rivals with lower transaction times or cheaper gas fees.Yu Chun Christopher Wong/S3studio/Getty Images


Alex Svanevik founded Nansen, a blockchain analytics platform that tracks over 100 million ethereum wallets.




He told Insider high gas fees have caused "significant problems" for ethereum this year.




We break down six ethereum-rivalling blockchains that could attract new users next year.


Ethereum has been one of the main crypto winners of 2021.The second-largest cryptocurrency by market capitalization's native token, ether, has surged in price by over 500%, from $730 to just under $4,600.Blockchain data analyst Alex Svanevik pointed to the rise of NFTs as one reason for the ethereum rally. Ethereum was the first blockchain to host non-fungible tokens - essentially, digital collectors' items - and ether is the most widely-used cryptocurrency for NFT transactions."NFTs have to be the biggest theme of 2021," Nansen's chief executive told Insider in a recent interview. "They've been a huge catalyst for bringing people into the crypto space, including those who'd never engaged with the ideologies of crypto and decentralization before."
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