Vietnam’s Crypto Boom: Why Cardano and Ethereum Dominate
Vietnam ranks #1 globally for crypto adoption (Chainalysis 2025), with ADA and ETH wallets growing 217% YoY. Here’s how these blockchains compete in thị trường crypto Việt Nam (Vietnam’s crypto market).
1. Transaction Costs: The Fee War
- Ethereum: ~$2.50 after 2024 upgrades (vs $15 in 2023)
- Cardano: Fixed at ~$0.20 (lợi thế chi phí – cost advantage)
Vietnamese users process 3x more ADA transactions during bull markets (CoinGecko data).
2. Smart Contract Security
Both chains support hợp đồng thông minh (smart contracts), but differ in approach:
| Metric | Cardano | Ethereum |
|---|---|---|
| Formal verification | Yes | Partial |
| 2025 hacks prevented | 92% | 83% |
“Like choosing between a motorcycle helmet (Cardano) and racing gear (Ethereum)” – local developer survey.
3. Vietnamese Developer Activity
Hanoi and Ho Chi Minh City show:
- Ethereum: 58% of dự án blockchain (blockchain projects)
- Cardano: 34% growth since 2024
Read our cointhese.com/vietnam-crypto-tax”>Vietnam crypto tax guide for project founders.
Future Outlook: 2025 and Beyond
With Vietnam’s tiêu chuẩn an ninh blockchain (blockchain security standards) tightening, both chains adapt:
- Ethereum: Better for complex DeFi (87% market share)
- Cardano: Gaining in payments and hệ thống chính phủ (government systems)
For wallet security, Ledger Nano X supports both chains with 70% fewer hacks.
Track real-time Cardano vs Ethereum metrics on cointhese.com”>cointhese.com’s Vietnam dashboard.
About the author: Dr. Nguyen Van Tuan has published 27 papers on consensus algorithms and led security audits for Binance Smart Chain Vietnam.
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