What are the top smart contract platforms for decentralized finance (DeFi) and NFTs in 2024 and how do they compare?

1. Ethereum
2. Cardano
3. Polkadot
4. Tezos

Ethereum

Ethereum remains a top smart contract platform for DeFi and NFTs in 2024 due to its established network, developer community, and wide adoption. However, it faces challenges with scalability and high gas fees.

Cardano

Cardano is gaining traction as a smart contract platform for DeFi and NFTs with its focus on sustainability, scalability, and interoperability. Its implementation of proof-of-stake consensus and support for multiple programming languages make it an attractive option.

Polkadot

Polkadot's interoperability and scalability features position it as a strong contender for DeFi and NFTs. Its ability to connect different blockchains and support custom blockchains through parachains makes it an appealing choice for decentralized applications.

Tezos

Tezos offers on-chain governance and formal verification, providing a secure and upgradable smart contract platform for DeFi and NFTs. Its focus on self-amendment and low barriers to entry for developers make it a competitive option in the space.