Ethereum

Cardano

Cryptocurrency

Solana

<div class="finbold">
 <p class="paragraph">Ethereum (ETH) gas fees have consistently increased in the last month, driving developers, investors, and cryptocurrency users to look for layer-1 blockchain alternatives.</p>
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 <p class="paragraph">As observed, Ethereum average gas fees went from $1.5 on October 15, registered by <em>BitInfoCharts,</em> to the last recorded average of $6.35 on November 17. Notably, users paid $6.9 million in ETH gas fees on a single day, according to data from <em>CryptoQuant.</em></p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="285" src="https://cdn.thebittimes.com/images/2023/11/18/64119bc365925eb52f4bf94fc7868454.webp" alt="Ethereum average transaction fee historical chart. " class="wp-image-138164" srcset="https://cdn.thebittimes.com/images/2023/11/18/64119bc365925eb52f4bf94fc7868454.webp 1024w, https://cdn.thebittimes.com/images/2023/11/18/64119bc365925eb52f4bf94fc7868454.webp 300w, https://cdn.thebittimes.com/images/2023/11/18/64119bc365925eb52f4bf94fc7868454.webp 768w, https://cdn.thebittimes.com/images/2023/11/18/64119bc365925eb52f4bf94fc7868454.webp 1536w, https://cdn.thebittimes.com/images/2023/11/18/64119bc365925eb52f4bf94fc7868454.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Ethereum average transaction fee historical chart. Source: <em>BitInfoCharts</em>
  </figcaption>
 </figure>
 <p class="paragraph">In the past, these high-fee scenarios have driven demand and liquidity toward alternative layer-1 blockchain with a similar proposition to Ethereum and lower gas fees. With that in mind, Finbold turned once again to ChatGPT to get insights into possible good <a rel="noopener noreferrer nofollow" title="picks" href="https://thebittimes.com/tag/picks.html">picks</a> for this context.</p>
 <h2 class="wp-block-heading" id="h-bnb-chain-bnb">BNB Chain (BNB)</h2>
 <p class="paragraph">ChatGPT’s first pick was the BNB Chain (BNB) a layer-1 blockchain created by the cryptocurrency exchange Binance. Interestingly, BNB’s price is up 14.66% in the last month, since Ethereum gas fees started increasing. At the time of publication, Binance’s native token is trading at $242.13.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="683" src="https://cdn.thebittimes.com/images/2023/11/18/1c4c685b66e72832806532a87b8299b6.webp" alt class="wp-image-138165" srcset="https://cdn.thebittimes.com/images/2023/11/18/1c4c685b66e72832806532a87b8299b6.webp 1024w, https://cdn.thebittimes.com/images/2023/11/18/1c4c685b66e72832806532a87b8299b6.webp 300w, https://cdn.thebittimes.com/images/2023/11/18/1c4c685b66e72832806532a87b8299b6.webp 768w, https://cdn.thebittimes.com/images/2023/11/18/1c4c685b66e72832806532a87b8299b6.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   BNB 1-month price chart. Source: Finbold
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 </figure>
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  <p class="paragraph">“Binance Smart Chain is known for its low transaction fees and fast confirmation times. It operates in parallel with Binance Chain but adds smart contract functionality. BNB is the native cryptocurrency of Binance Smart Chain and can be used to pay for transaction fees and participate in various decentralized applications (DApps). Binance Smart Chain’s architecture prioritizes high throughput and low fees, making it an attractive option for users seeking alternatives to Ethereum.”</p> <cite>— ChatGPT</cite>
 </blockquote>
 <h2 class="wp-block-heading" id="solana-sol">Solana (SOL)</h2>
 <p class="paragraph">Notably, Solana (SOL) was one of the best-performing cryptocurrencies of the year and is ChatGPT’s second pick for more efficient gas fees. Its native token, SOL, is trading at $56.13 by press time, with fantastic monthly gains of 136%.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="683" src="https://cdn.thebittimes.com/images/2023/11/18/93ac2a9900e4fa1e4a9422eab38ca880.webp" alt class="wp-image-138166" srcset="https://cdn.thebittimes.com/images/2023/11/18/93ac2a9900e4fa1e4a9422eab38ca880.webp 1024w, https://cdn.thebittimes.com/images/2023/11/18/93ac2a9900e4fa1e4a9422eab38ca880.webp 300w, https://cdn.thebittimes.com/images/2023/11/18/93ac2a9900e4fa1e4a9422eab38ca880.webp 768w, https://cdn.thebittimes.com/images/2023/11/18/93ac2a9900e4fa1e4a9422eab38ca880.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   SOL 1-month price chart. Source: Finbold
  </figcaption>
 </figure>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“Solana has gained attention for its high throughput and low transaction costs. It uses a unique consensus mechanism called Proof of History (PoH) to improve scalability and reduce transaction confirmation times. Solana aims to provide a fast and cost-effective platform for decentralized applications. Its growing ecosystem includes various projects and decentralized exchanges (DEXs) that leverage its performance advantages over Ethereum.”</p> <cite>— ChatGPT</cite>
 </blockquote>
 <h2 class="wp-block-heading" id="cardano-ada">Cardano (ADA)</h2>
 <p class="paragraph">Meanwhile, Cardano (ADA), ChatGPT’s third pick, is the second-best performer among the three <a rel="noopener noreferrer nofollow" title="low-fee" href="https://thebittimes.com/tag/low-fee.html">low-fee</a> “Ethereum <a rel="noopener noreferrer nofollow" title="killers" href="https://thebittimes.com/tag/killers.html">killers</a>.” The native token ADA is priced at $0.36 with 46% gains in the last 30 days.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="683" src="https://cdn.thebittimes.com/images/2023/11/18/fb2a5c4da065a777cf4f5558b6f5a9cf.webp" alt class="wp-image-138167" srcset="https://cdn.thebittimes.com/images/2023/11/18/fb2a5c4da065a777cf4f5558b6f5a9cf.webp 1024w, https://cdn.thebittimes.com/images/2023/11/18/fb2a5c4da065a777cf4f5558b6f5a9cf.webp 300w, https://cdn.thebittimes.com/images/2023/11/18/fb2a5c4da065a777cf4f5558b6f5a9cf.webp 768w, https://cdn.thebittimes.com/images/2023/11/18/fb2a5c4da065a777cf4f5558b6f5a9cf.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   ADA 1-month price chart. Source: Finbold
  </figcaption>
 </figure>
 <p class="paragraph">Nevertheless, it is important to say that other factors, such as security, scalability, decentralization, and adoption, must be considered when evaluating each of these mentioned projects.</p>
 <p class="paragraph">There are no guarantees that any of these layer-1 blockchains will be able to conquer any meaningful share of Ethereum’s capitalization and total value locked on DeFi, despite offering a more efficient alternative for gas fees and network scalability.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
 <p class="paragraph"></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/chatgpt-picks-3-low-fee-ethereum-killers-to-buy-as-eth-gas-fees-surge-tbt70799.html">https://thebittimes.com/chatgpt-picks-3-low-fee-ethereum-killers-to-buy-as-eth-gas-fees-surge-tbt70799.html</a></p>

ChatGPT picks 3 low-fee ‘Ethereum killers’ to buy as ETH gas fees surge

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