{"id":144782,"date":"2024-12-14T21:00:03","date_gmt":"2024-12-14T19:00:03","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=144782"},"modified":"2024-12-14T13:51:54","modified_gmt":"2024-12-14T11:51:54","slug":"ethereums-dominance-under-threat-says-binance-research","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ethereums-dominance-under-threat-says-binance-research\/","title":{"rendered":"Ethereum’s Dominance Under Threat, Says Binance Research"},"content":{"rendered":"

The report<\/a> <\/strong>emphasizes Ethereum\u2019s<\/a> <\/strong>pivotal role in blockchain innovation but notes that its dominance is increasingly challenged by emerging competitors and changing market conditions.<\/p>\n

Despite key updates like the Dencun upgrade, which aims to lower fees, and the approval of Ethereum ETFs in the US, Ethereum\u2019s market share has shrunk, falling to a multi-year low of 13.1%. This decline highlights the growing competition within the crypto space, even amidst a generally bullish market environment.<\/p>\n

While the Dencun update initially promised to enhance Ethereum’s performance, it coincided with a 99% drop in its revenue, largely due to the surge in popularity of Layer-2 solutions. Furthermore, Ethereum\u2019s network activity has been showing signs of slowdown. Though the launch of Spot ETH ETFs in mid-2024 generated significant inflows, surpassing $1.7 billion after the US election, Ethereum’s overall market engagement, including trading volumes and search interest, has stagnated.<\/p>\n