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Half of the top-20 cryptocurrencies use the Ethereum blockchain infrastructure. Transactions in these cryptocurrencies need to be paid for in Ethereum, stoking demand for Ethereum.
Half of the top-20 cryptocurrencies are based on the Ethereum blockchain
Position | Currency | Based on Ethereum |
1 | Bitcoin | No |
2 | Ethereum | Yes |
3 | Tether | Yes |
4 | BNB | Yes |
5 | USD Coin | Yes |
6 | XRP | No |
7 | Cardano | No |
8 | Dogecoin | No |
9 | Solana | No |
10 | Polygon | Yes |
11 | Litecoin | No |
12 | TRON | No |
13 | Polkadot | No |
14 | Binance USD | Yes |
15 | Shiba Inu | Yes |
16 | Avalanche | No |
17 | Dai | Yes |
18 | Wrapped Bitcoin | Yes |
19 | Chainlink | Yes |
20 | UNUS SED LEO | Yes |
Source: Coingecko.com and Etherscan.io. Data as of May 2023.
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