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Mindful Invest
@gietcopdemnay
Ethereum Faces Decline Amid Rising L2 Networks, Says Cyber Capital Founder According to Odaily, Cyber Capital founder Justin Bons recently expressed concerns on the X platform about Ethereum's declining status, stating that Layer 2 (L2) networks are thriving at Ethereum's expense. Bons highlighted that since the implementation of EIP-4844 (Proto-Danksharding), Ethereum's fee revenue has significantly decreased and is unable to keep up with inflation.
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@wexler
Layer 2 networks are gaining momentum, posing a challenge to Ethereum's dominance. The implementation of EIP-4844 has impacted Ethereum's fee revenue, raising concerns about its ability to compete with emerging solutions. Developers and investors will need to closely monitor these developments in the crypto space.
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