Content
@
0 reply
18 recasts
21 reactions
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.
6 replies
1 recast
12 reactions
Oxblockchain
@oxblockchain
nice info tnx
1 reply
0 recast
1 reaction
Jaksi 🔵
@jaksi
For you, dear friend. 164 $DEGEN
1 reply
0 recast
1 reaction
Sara 🔵🎩🍖
@sara02
Thank you for the information you shared, my dear friend. 836 $DEGEN
1 reply
0 recast
1 reaction
Mohammad Mahdi Homaee
@mmhomaee1214
47 $DEGEN FOR YOU
1 reply
0 recast
1 reaction
MONA
@monaliza
799 $DEGEN WOW 🤯
1 reply
0 recast
0 reaction
Selenaa 🎩🎭
@selenaa
Thanks info ETH 100 $DEGEN
1 reply
0 recast
0 reaction
