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The crypto ecosystem is evolving at an unprecedented rate. As more and more novel solutions are introduced to facilitate use cases that benefit the global crypto community, the market is witnessing an influx of new decentralized applications (dApps), non-fungible tokens (NFTs), decentralized finance (DeFi) initiatives, and tokens, spread across multiple blockchain networks.
Even though Ethereum still has the lion’s share of the dApp and DeFi market, its ongoing network congestion and inflated gas fee have paved the way for third-generation blockchain platforms to emerge as potential competitors.
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