Flipside sees rising EVM adoption in 2024 for cost-effective Ethereum alternatives
Flipsides say the ongoing demand for economical alternative s to Ethereum, will drive more layer-2 projects to prioritize reducing end-user costs this year. Ethereum is set to confront heightened competition in the blockchain space in 2024, driven by the persistent demand for cost-effective alternative s and the proliferation of Ethereum Virtual Machine (EVM)-compatible layer-2 networks, Flipside, a blockchain data platform, said in a recent research report. Is the bull is really here? How can we tell? Data. Sentiment isn't the only thing that's changed lately. According to the data, user behavior is shifting — and with it, crypto markets. We cover it all in The Onchain Crypto User Report pic.twitter.com/IsclNOZhJk — Flipside (@flipsidecrypto) January 25, 2024 As per analysts, a substantial portion of EVM users are now actively exploring alternative options to Ethereum due to the allure of lower fees and faster transactions offered by emerging layer-2 solutions. T...