| Factor | Current Status (2025) | |--------|----------------------| | | CBC Casper PoS – first live “correct‑by‑construction” consensus; upgradeable smart contracts (Rust, WASM). | | Adoption | Enterprise focus (IPwe, RAI Finance, etc.), but mainnet TVL and daily tx are far behind Solana/Ethereum. | | Token utility | Gas fees, staking (APY ~5–8%), governance. High inflation (8%+ initial, decreasing) creates sell pressure. | | Competitors | Ethereum, Near, Aptos, Sui – all have larger ecosystems. |