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 | Cardano | No |
4 | Binance Coin | Yes |
5 | Tether | Yes |
6 | Polkadot | No |
7 | XRP | No |
8 | Uniswap | Yes |
9 | Litecoin | No |
10 | Chainlink | Yes |
11 | USD Coin | Yes |
12 | Bitcoin Cash | No |
13 | Theta Network | Yes |
14 | Stellar | No |
15 | Terra | No |
16 | Wrapped Bitcoin | Yes |
17 | Dogecoin | No |
18 | VeChain | Yes |
19 | Crypto.com Coin | Yes |
20 | Cosmos | No |
Source: Coingecko.com and Etherscan.io. Data as of 21/3/2021.
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