- Algorand’s Pure Proof-of-Stake enables high-speed, secure transactions, processing millions daily.
- Agoric’s JavaScript-based smart contracts offer a familiar environment for developers, enhancing security and composability.
- MultiversX’s adaptive sharding achieves high throughput with low latency, supporting decentralized finance and the Metaverse.
- Binance
As Ethereum continues to face scalability challenges, several Layer 1 and Layer 2 blockchain projects are emerging to enhance its capabilities. These platforms—Algorand, Agoric, MultiversX, Oasis Network, and Injective—are introducing innovative solutions to improve transaction speeds, reduce costs, and provide robust development tools.
Algorand(ALGO): Enhancing Blockchain Scalability
Source:Coinmarketcap
Algorand’s Pure Proof-of-Stake (PPoS) consensus mechanism was developed to overcome the blockchain trilemma—balancing security, scalability, and decentralization. The protocol finalizes transactions in seconds, and the absence of forks ensures consistency across the network. With a transaction throughput of around 7,500 transactions per second (TPS), Algorand delivers reliable performance suitable for enterprise-grade applications and financial services.
Algorand achieved a significant milestone by processing 43 million transactions in a single day, highlighting its operational capacity. The platform has been adopted by organizations such as ZTLment, which migrated its entire payment system to Algorand. Academic and financial institutions, including King’s College London and abrdn, have also chosen Algorand for secure data storage and digital asset management, reinforcing its utility in real-world applications.
Agoric (BLD): Bridging JavaScript and Blockchain
Source:Coinmarketcap
Agoric simplifies blockchain development by using Hardened JavaScript, a language familiar to millions of developers. Its use of the Cosmos SDK and Tendermint consensus supports modular and secure development, making it easier for teams to build scalable decentralized applications (dApps). The platform encourages safe code execution and component reuse, promoting economic composability across projects.
Agoric’s dual-token model includes BLD for staking and network security, and IST, a stablecoin designed for transactional stability. IST is Inter-Blockchain Communication (IBC)-enabled, allowing interoperability with other chains in the Cosmos ecosystem. By providing both developer-friendly tools and economic infrastructure, Agoric opens the door for broader adoption of blockchain technology among web developers and enterprises.
MultiversX (EGLD): Pioneering Horizontal Scalability
Source:Coinmarketcap
MultiversX, formerly Elrond, utilizes Adaptive State Sharding to divide network workload across multiple shards. Combined with a Secure Proof of Stake (SPoS) mechanism, this design supports horizontal scaling and improves throughput. The network can handle up to 100,000 TPS, with 6-second finality and ultra-low transaction fees, offering a robust infrastructure for next-generation internet applications.
EGLD tokens function as the native currency of MultiversX because they facilitate transaction processes and smart contracts and serve at the core of governance operations. The system stands ready to assist financial services accessed through decentralized finance (DeFi) applications as well as Metaverse environments and transactions based on tokenized real-world assets. Consumer experience across multiple applications benefits from the sharding method of this blockchain which stands among the most scalable public networks that exist today.
Oasis Network (ROSE): Enabling Privacy and Scalability
Source:Coinmarketcap
The core value of Oasis Network revolves around privacy protection and confidentiality because it provides development tools that enable secure decentralized application creation. The smart contracts in Sapphire runtime represent the first Ethereum Virtual Machine (EVM) with encrypted data processing capabilities which stay compatible with Ethereum-based resources. The system’s features make it ready for globally important privacy-oriented applications in healthcare together with decentralized AI systems.
The network includes a rollup functionality integrated into its consensus layer which provides both scalability and resource efficiency benefits to users. The ROSE token serves three primary functions on the network as it both safeguards the protocol through staking while paying transaction fees and enables the users to participate in governance decision-making. Through its layered architecture Oasis maintains both scalable decentralized applications and high data privacy and computing security across the consensus operation from execution phase.
Injective(INJ): Optimizing Web3 Finance
Source:Coinmarketcap
Investive serves financial requirements specifically with a blockchain system that was designed to function alongside DeFi and financial applications. MEV-resistant order book functions as the highlighted feature of the platform due to its decentralized nature. The fast finality achieved in 0.6 seconds (sub-second) enables 25,000 TPS and enables seamless user experiences for developers and traders.
The network enables broad compatibility through cross-chain bridges which connect it with Ethereum along with Solana and additional major crypto chains. Token INJ serves multiple purposes in the network including governance voting and system staking along with fee payment and network activity stimulation. The modular framework of Injective allows financial products to be quickly deployed through its development tools and the project now maintains a global membership exceeding 500,000 users with more than 100 projects. The project benefits from the strategic backing of Binance together with Pantera Capital and Jump Crypto since these investors strengthen its position within decentralized finance.
