The competition among Layer 1 blockchains is heating up as XRP and SOL challenge ETH's dominance in the crypto market. Both projects have shown remarkable growth and innovation, which have raised questions about whether they could surpass ETH during this bull run.
Meanwhile, Rollblock, a project that's gradually making a name for itself as the next big crypto on the market, is gaining attention for its utility token, which promises investors strong potential returns. How exactly does Rollblock intend to achieve this? Let's find out!
The online gambling market generates $500 billion every year, and the new Rollblock intends to be a major contributor to this huge amount. Powered by its utility token called RBLK, Rollblock is a new crypto casino platform where users can play and earn without needing identity verification. To give its users variety, Rollblock offers many games, including classic options like poker and slots.
Users can also play unique Web3 games that blend skill and chance on the Rollblock platform. Things don't end there; Rollblock also features sports betting, catering to a wide range of players. Apart from gaming, Rollblock is also an income-generating asset. The income generated by the casino is distributed via Rollblock's unique revenue-sharing system.
Using a buyback and burn system, 60% of the buyback is set aside for burning. The remaining 40% is given out as staking rewards to RBLK token holders. RBLK holders also earn rewards for supporting the platform's liquidity.
ETH currently holds the title of the largest dApp ecosystem among Layer-1 networks. However, issues like network congestion, high fees, and slow transactions have pushed users to explore alternatives. One such alternative is XRP. XRP's recent introduction of native smart contracts on XRP Ledger and the XRPL EVM sidechain could help it overtake ETH soon.
That's not all; XRP's latest updates also include Multi-Purpose Tokens (MPTs), Credentials, and improved support for NFTs and AMM. These features, alongside XRP's pending collaborations with major projects, including Cardano contributed to pushing XRP's price up by over 344% to $2.43.
SOL's recent gains of 12.6% in the past month and its $113.5 billion market cap have brought on talks of a "flippening," where SOL's market capitalization could surpass ETH's. The development of SOL's meme coin ecosystem has been the main reason for this impressive growth. Data from price charts shows that SOL and ETH are closely matched in protocol fees and DEX volume.
Ethereum continues to lead in Total Value Locked (TVL) and stablecoin volume due to its extensive ecosystem of Layer-2 and Layer-3 chains. However, based on Layer-1 metrics and its status as a leading utility token, SOL surpasses ETH in decentralized exchange metrics by generating higher protocol fees. SOL investors are hopeful that SOL dominating ETH could push its price up to the $300 mark before the year's end.
XRP, SOL, and the potential next big crypto Rollblock have delivered such performances that position them among the best investment choices at present in the market. Want to remain at the front in the market? Consider buying RBLK now at its price of $0.041 as part of the presale by Rollblock during its stage 9.
Rollblock (RBLK) Presale Today-Discover Exciting Opportunities!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
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