According to JP Morgan, Ethereum is underperforming due to growing competition from Solana and other Layer 2 blockchains offering lower fees and better scalability:
🟠ETH market capitalization is at a four-year low
🟠Ethereum is likely to continue underperforming due to intense competition and may lose its leading position in DeFi and asset tokenization
🟠The blockchain’s survival may depend on increasing institutional demand
@AlphaAnalyzer
🟠ETH market capitalization is at a four-year low
🟠Ethereum is likely to continue underperforming due to intense competition and may lose its leading position in DeFi and asset tokenization
🟠The blockchain’s survival may depend on increasing institutional demand
@AlphaAnalyzer