Ethereum

Cardano

Base

Optimism

In the rapidly evolving world of blockchain platforms, speed is everything. And by that metric, Cardano is falling way behind. 
Just two weeks after its official launch, Ethereum layer 2 Base Chain has already <a href="https://www.reddit.com/r/CryptoCurrency/comments/15yqlgy/base_chain_an_ethereum_layer_2_overtakes_cardano/" target="_blank" rel="noopener noreferrer nofollow">surpassed</a> Cardano in total value locked (TVL). This despite <a class="wpil_keyword_link" href="https://captainaltcoin.com/cardano-ada-price-prediction/" title="Cardano" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">Cardano</a> having a multi-year head start in development. 
<figure class="wp-block-image size-large"> 
 <img decoding="async" loading="lazy" width="844" height="1024" src="https://captainaltcoin.com/wp-content/uploads/2023/08/image-696-844x1024.png" alt="" class="wp-image-320123" srcset="https://captainaltcoin.com/wp-content/uploads/2023/08/image-696-844x1024.png 844w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-696-247x300.png 247w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-696-768x932.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-696-1265x1536.png 1265w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-696-1687x2048.png 1687w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-696-124x150.png 124w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-696-100x121.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-696-288x350.png 288w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-696-788x956.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-696.png 800w" sizes="(max-width: 844px) 100vw, 844px"> 
</figure> 
While Cardano’s founder Charles Hoskinson continues to make grand pronouncements, Base Chain is actually delivering real-world utility right now. 
One Base Chain app, Friend.so, is averaging 40,000 daily users out of the gate. Compare that to Cardano’s entire ecosystem, where finding over 40,000 daily users is like searching for a needle in a haystack. 
It’s not just TVL and daily users where Base Chain is smoking Cardano. Base Chain completed more transactions in its first week than Cardano does in a month. 
So much for Cardano’s claim to be “the most decentralized blockchain.” Base Chain is making Cardano’s plodding pace and lack of adoption stick out like a sore thumb. 
Cardano lovers will make excuses about its methodical approach focused on security and formal verification. But the market doesn’t care about Ph.D-level academics – it wants solutions that work today. 
Now Base Chain is even gearing up to overtake Ethereum layer 2 leader Optimism in daily transactions. While Hoskinson waxing philosophical at conferences, Base Chain is executing and attracting real developers. 
The layer 2 wars are heating up. Projects and users are flocking to Base Chain for its focus on developer experience and rapid growth. And Cardano? Still months away from its magical “Basho” phase. 
If Cardano doesn’t accelerate its glacial pace of development, it will become irrelevant before it even gets off the ground. The crypto community has no patience for procrastination. In the next layer 2 showdown, Base Chain clearly has tremendous momentum on its side. 
The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/charles-talks-base-chain-walks-all-over-slow-mo-cardano/">Charles Talks, Base Chain Walks All Over Slow-Mo Cardano</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.

Charles Talks, Base Chain Walks All Over Slow-Mo Cardano

CaptainAltcoin

Other articles published on Aug 23, 2023

Balancer Discovers Critical Vulnerability in Boosted Pools: Millions In Risk

Policymaker: US doesn’t need a retail CBDC

How to Do Your Research (DYOR) in Crypto

Analyst Draws Parallels Between Solana and Dogecoin's Resurgence

Decoding JPMorgan’s Impact: Ethereum’s Success and Ripple’s XRP Setbacks

ADA Sees Dwindling Profits; Contrasting Uptrend Noted for FIL and TOADS Launch

Join our free newsletter for daily crypto updates!