Sep 17, 2021

4 min read

The dispute between Solana, Avalanche and Near in the new public chain, look at the layout of ZT on the matter

New hot trends such as NFT, DeFi derivatives, and GameFi have come one after another, pushing DeFi into another climax. According to DeFi Llama’s data, as of August 31st, the total lock-up value (TVL) of the entire DeFi ecosystem reached 153.7 billion U.S. dollars, which has risen to the peak level during the May period.

Taking advantage of the golden age of DeFi’s blowout development, the new blockchain network has opened a huge ecological competition, and it has also ushered in a new round of reshuffle of the public chain sector. Recently, all kinds of general smart contract new public chains have become popular. The general smart contract new public chains led by Solana, Avalanche, and Near are rising rapidly, which is quite gratifying.

According to ZT data market, the governance tokens in the new public chain — -SOL, AVAX, and NEAR have all achieved rapid growth this year. As of the time of writing, both AVAX and NEAR are on the rise and remain on the rise, while SOL still has an upward trend.

Judging from past data, the governance tokens behind these three new public chains (Solana, Avalanche, and Near) have all achieved breakthrough development, and their market value rankings are all spiraling upward. According to CoinMarketCap data on September 15th, Solana (SOL) successfully ranked 7th in the market capitalization of cryptocurrency projects; Avalanche (AVAX) ranked 13th; Near was ranked 44th.

At the same time, it is not difficult to find that other public chains such as Polygon, BSC, ZSC and many other public chains have risen this summer, and the surrounding ecology of each public chain is gradually taking shape, and the development trend of its projects on the chain should not be underestimated. The increase is really surprising.

Such a vigorous new public chain will undoubtedly attract ZT’s attention. According to research conducted by ZT Investment Research Institute, the first batch of public chain competitions were from 2017 to 2018. The public chain competition led by Ethereum showed an early prosperity. The public chain wars at that time can be called blocks. An exploration in the chain age. Unlike the previous round of public chain wars, today’s public chains not only compete in performance, but also fully compete in developer ecology, application innovation, and the ability to capture new hotspots such as NFT, Metaverse, and GameFi. These differences have become the key to victory in this new public chain competition.

ZT Investment Research Institute said: The reason why the new public chain is called new is that these greatly meet the market’s demand for public chains under certain conditions, so that the blockchain network has stronger growth power and thus enters rapid evolution stage. Therefore, it is not a good practice to put the new public chain together with the previous public chain. Obviously, ZT consideration is still classified according to the ecology of the public chain, rather than a simple conceptual distinction.

The ZT Investment Research Institute is still studying how ZT will further deploy these new public chains. However, from the information currently disclosed, ZT Capital does not rule out the possibility of appropriating special funds to develop a new public chain.

As we all know, this special fund was established by ZT Capital, focusing on projects in some hot areas. In the past, it has also successfully assisted the development of many hot projects such as Polkadot.

ZT has always insisted on keeping a low profile to help the development of hot projects, and this time the layout of the new public chain, ZT has been actively exploring. The ecology of a group of high-performance public chains represented by Solana, Avalanche, NEAR, etc. is gradually prospering. The competition between new public chains and old public chains is what we are looking forward to!