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    Arthur Hayes Says This Solana Rival Could Become Preferred Chain for ICO Launches

    Team_DailyCryptoNewsBy Team_DailyCryptoNews05/12/2024

    [ad_1]

    Crypto veteran Arthur Hayes thinks the affordability of 1 Solana (SOL) rival may assist it emerge as the popular selection for future preliminary coin choices (ICOs).

    In a brand new analysis, the BitMEX co-founder highlights the low per-transaction price of the layer-1 blockchain Aptos (APT).

    “In 2017, it was not unusual for a scorching ICO to render the Ethereum community inoperable. Gasoline charges would spike, and nobody may use the community affordably. In 2025, the price of block house on Ethereum, Solana, Aptos and different layer-1’s can be extraordinarily low-cost. The present order throughput is orders of magnitude increased than in 2017. If a group can garner a broad base of assist from avid degen speculators, their skill to boost funds won’t be hampered by a sluggish and costly blockchain.

    Given the insanely low per-transaction price of utilizing Aptos, there is a chance for them to grow to be the popular chain [for] ICO launches.

    Common transaction payment in $:

    • Aptos: $0.0016
    • Solana: $0.05
    • Ethereum: $5.22″

    In June, Hayes predicted Aptos would overtake Solana sooner or later on this market cycle.

    Aptos’ native token, APT, is buying and selling at $13.25 at time of writing. The Thirtieth-ranked crypto asset by market cap is down greater than 8% up to now 24 hours.

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    Disclaimer: Opinions expressed at The Day by day Hodl should not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal threat, and any losses you could incur are your accountability. The Day by day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Day by day Hodl an funding advisor. Please notice that The Day by day Hodl participates in affiliate internet marketing.

    Generated Picture: Midjourney



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