Who are Avalanche competitors?

Who exactly are Avalanche's competitors in the cryptocurrency realm? This question arises given the rapid rise and popularity of Avalanche, a blockchain platform promising scalability and speed. As Avalanche continues to attract developers and investors alike, it's natural to wonder who stands in its way. Are they other layer-one blockchains that offer similar functionalities? Or perhaps, traditional financial institutions that are starting to embrace digital assets? Or could it be projects that focus on a specific niche within the crypto ecosystem? Understanding Avalanche's competitive landscape is crucial for investors and enthusiasts alike, as it helps to identify potential risks and opportunities. So, who are these competitors? And how does Avalanche fare against them?