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rezakhan1364
@rezakhan1364
Ethereum Dominance Hits All-Time Low Despite Uptrend A recent Binance Research report titled “The Ethereum Value Debate” examines Ethereum’s role in the cryptocurrency ecosystem. While emphasizing Ethereum’s fundamental role in blockchain innovation, the report notes that its position is now under scrutiny due to the emergence of competitors and dynamic market developments. Despite advances such as the Dencun update and the approval of Ethereum ETFs in the US, Ethereum’s market dominance has fallen to a multi-year low of 13.1%. Following the Dencun update, Ethereum revenue fell by 99%, driven by the growing popularity of Layer 2 solutions. The launch of Ethereum Spot ETFs in July 2024 initially attracted limited interest, but gained momentum after the US election, surpassing $1.7 billion in net inflows. However, Ethereum’s trading and search volumes have remained flat, lagging behind the growing activity of alternative Layer 1s such as Solana.
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Selenaa 🎩🎭
@selenaa
Thanks info ETH 100 $DEGEN
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$DEGEN Tip Bot
@degentipbot.eth
✅ 100 tipped ∙ 6 remaining 100 / 106 (94%) 🟧🟧🟧🟧🟧🟧🟧🟧🟧⬜
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