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Ever since it became an active ICO in 2017, EOS has gained a lot of hype and recognition in the crypto sphere. There has been an ongoing debate between EOS and Ethereum. Supporters of EOS believe that it has the potential to overtake Ethereum in market share, popularity, and overall usage.
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We don't believe that, and we're here to tell you why.
What is EOS?
EOS plans to create a blockchain that can support industrial-scale decentralized applications. Sounds familiar? While this sounds amazing, there are two things that EOS claims have captured the public’s imagination:
- They claim they can remove transaction fees.
- EOS claims to process over a million transactions per second.
The project plans to serve as an environment where crypto developers can create and deploy smart contract dApps, but they handle the task differently than on Ethereum. Unlike Ethereum, developers can use any coding language they want to deploy their apps.
But how do we know that it’s actually an “Ethereum Killer”?
Blockchain Battle – ETH vs EOS
Here’s what you’ve been waiting for! The debate between these two interesting blockchains ends right here. While EOS has its own quirks, it doesn’t match up to the power and popularity of Ethereum. Here’s why:
Project Longevity
Even though EOS is planning to fix the scalability issues of decentralized apps, the project is too young to stand out on its own fully. For example, EOS has created its blockchain using Ethereum's framework. This gives Ethereum a significant advantage over EOS. If Ethereum were to create another fork (as it has done with Ethereum Classic), all of the users within Ethereum’s community will go to that new iteration.
In this crypto chicken-or-egg debate, it's clear that Ethereum has given birth to EOS. Without its blockchain platform, EOS would not have been able to correct the problems that ETH currently faces. Ethereum is a more mature project than EOS and has enabled it to grow into a rising cryptocurrency.
When you look at Ethereum's innovations, it's clear it has more staying power than EOS. EOS is a relatively new blockchain whose features are still theoretical. We'll have to wait until June this year to see how the project works before we can say it's an Ethereum killer.
Investor Interest
Also, more investors are interested in using Ethereum than EOS. In fact, China has created a monthly Global Public Chain Assessment Index to rate the most valuable cryptocurrencies in the market.
The Global Public Chain Assessment Index was made by China’s Information Industry Development. The index evaluates the project’s innovativeness, application usefulness, and technological capability.
As of last Thursday, China ranked Ethereum#1. Ethereum earned a total score of 129.4, topping major cryptocurrencies such as Bitcoin (ranked 13th with a score of 88). Even though Bitcoin has been around for over 10 years, Ethereum still came out on top.
And for a good reason. Ethereum has created a foundation for a myriad of initial coin offerings, in which start-ups create their own digital currencies. Thus, they can sell their currencies to investors to raise crowdfunding financing for their future projects.
dApp Market
When it comes to the dApp market, Ethereum has the early-mover advantage. Since it has a year's head start over EOS, Ethereum has thousands of clients that depend on its framework to launch their decentralized applications.
This means that the current dApp market has already invested significant time, money, and effort in learning to use Ethereum’s blockchain. As a result, the switching costs from Ethereum to EOS are high and will lead to many issues within the developer community.
If developers were to switch their dApps to a different platform like EOS, they would have to start the process over on that platform. This means they'll have to migrate all their data from Ethereum to EOS's framework. But, this option might not be affordable or practical, so users might continue to use Ethereum's platform instead.
Market Value
According to CoinMarketCap, EOS is ranked 4234 in 2026. Take this in comparison to Ethereum, which is ranked #2. Ever since 2017, Ethereum has remained in this spot, only to trail behind Bitcoin. Even though EOS has shot its way to the top 10 cryptocurrencies, it still has a long way to go before it reaches ETH’s market value.
And let’s compare the price charts of EOS and ETH.
Looking at both charts, we can see that ETH shows more long-term growth than EOS. And the price value definitely shows it. Right now, ETH is $ 1,561, while EOS is $ 0.0612.
This value is due to ETH having been on crypto exchanges for years. EOS is still in development, meaning it hasn’t demonstrated value beyond its ICO funding. So we’ll have to see how EOS behaves in the future before we can assume it's better than Ethereum. While ETH's price seems to be already pretty high, it has lots of upsides – it is used every day for general crypto payments, and ICOs, and right beside BTC when it comes to implementing crypto payments in an online venture.
Team Interest and Community Backing
Some skeptics say that EOS doesn’t have a dedicated team. The team has a limited interest in EOS's success because they have raised a disproportionate amount of funds and kept only a few EOS tokens for themselves. In the past, we found many voices that encountered “arrogant behavior” in EOS chatrooms, directly from the devs. Breaking it down to the crypto user as an “end customer” is not what you want to see, as it would be far from professional if true.
On the other hand, Ethereum is created by a worldwide team of passionate developers who want to see the platform grow. And, they are backed by a community of 1,999,999 members, all of whom have Ether accounts.
Any cryptocurrency is only as valuable as the community behind it. Since Ethereum has a large community vested in its platform, it will be hard for EOS to establish a community as dedicated and loyal as Ethereum’s.
The Verdict
The term “Ethereum killer” has been thrown around for years, with many projects claiming to be the one that will eventually dethrone Ethereum. Back in 2018, many investors expected EOS to replace Ethereum.
That never happened.
Instead, Ethereum strengthened its position as the leading smart contract platform while continuing to evolve through major technological upgrades and growing institutional adoption.
EOS remains an interesting chapter in cryptocurrency history, but it also serves as a reminder that hype alone rarely determines long-term winners.
When evaluating new blockchain projects, investors should look beyond transaction speed and marketing claims. Developer activity, ecosystem growth, real-world adoption, and long-term innovation remain the strongest indicators of lasting success.
