The growth in cryptocurrencies over the past year has increased the popularity of many alternative smart contract platforms.

Some projects created to attract investors who complain about the high transaction fees in Ethereum and to split the share of the pie have attracted serious attention. At the beginning of these projects, which are called “Ethereum Killer” in the market, there are projects such as Solana (SOL) and Avalanche (Avax).

Grayscale, which is the gateway for institutional investors to cryptocurrencies, has also taken a step in this regard (Ethereum Killer). Grayscale has launched a new fund of cryptocurrencies called “Ethereum Killer”.

Grayscale CEO Michael Sonnenshein

Investors investing in the fund will have invested in alternative smart contract platforms to Ethereum. Making a statement regarding the fund, Grayscale CEO Michael Sonnenshein said:

   “Smart contract technology is critical to the growth of the digital economy, but it is too early to know which platform will win. From attracting and retaining the most vibrant developer communities to ensuring the platform is high-speed, flexible and scalable. The beauty is that investors don't have to pick a winner and instead can access the evolution of the smart contract platform ecosystem through a single investment vehicle."

Cryptocurrencies and their weights in the fund are as follows:

  • Cardano 24.6%
  • Wither 24.3%
  • Avalanche 17%
  • Polkadot 16.2%
  • Polygon 9.7%
  • Algorand 4.3%
  • Stellar 4.1%

Cardano (ADA) stands out among the top 10 cryptocurrencies today. ADA/USD has reached as high as $0.96, with a daily gain of 6%. The ADA coin is also notable for its weekly gains of over 20 percent. On the other hand, AVAX, which has the best performance on a weekly basis, faced sales in the afternoon trading after meeting resistance at $ 90 today and has a daily depreciation of close to 4 percent. Terra (LUNA), the 7th largest crypto-asset, is another crypto-asset after AVAX, which saw a drop of over 2 percent.