Is Cardano Fighting A Losing Battle Against Solana?

Cardano and Solana are the leading competitors for Ethereum as the top smart contracts platform. Their entrance into the space has been highly lauded as this will provide some much-needed diversification in the space. Activities are already underway on the Solana blockchain. However, Cardano has not had much in the way of activities on its blockchain since the launch of smart contracts capability. This has mainly been due to the fact that smart contracts capabilities debuted on the network less than two months ago and it will take some time for developers to test and deploy their applications on the blockchain. Cardano is behind its competitors due to this delay but is no doubt a contender in the space. The blockchain has maintained its position as the second leading smart contracts platform. Now, though, Solana has come for the crown and it is winning the fight. Related Reading | Volume Of ADA Staked On Cardano Network Reaches Record High Solana Overtakes Cardano On Crypto Top 10 For months, Cardano had maintained its position at 3rd place on the crypto top 10 projects by market cap, before being pushed out by BNB last month. This was mainly due to the run-up in the digital asset in August that saw the price of ADA break above $3 for the first time. Its market cap skyrocketed with this rally to over $75 billion, making it one of the most valuable cryptocurrencies in the market. Recent trends have however not been favorab...