BTC Drops, ETH Hits

Indoviral.online - Despite Bitcoin staying down, Ether hit a new all-time high of $2,643 on 22nd April. 

As most cryptocurrency markets reeled from BTC's 25% crash, ETH kept going.

ETH also hit 0.047 against BTC, its highest since August 2018. This also led to the Bitcoin dominance falling below 50% for the first time ever. At the time of writing, dominance lies at 50.2%.

However, this rise in ETH price has led to incredible spikes in gas fees. The gas limit reached $15 million as Ether reached its all-time high.

Maker is one of the oldest DeFI projects on the Ethereum network and following ETH's rally, MKR itself rallied by 25% to reach an all-time high of $4,980.

High fees and slower transaction times on the Ethereum network have prompted developers and projects to look for alternative layer-one solutions. Solana is one such ecosystem that has started gaining traction lately.

Solana claims to be able to process 65,500 transactions per second. That's significantly higher than ETH's 18.3 transactions per second. Furthermore, low fees have seen several projects being launched on the Solana blockchain over the last month. This activity saw Solana reach its all-time high of $44 on 22nd April. SOL is definitely worth watching for the future.