CosmicTaco

Ethereum Faces Growing Threats as Rivals Gain Ground

CosmicTaco · 2024-12-02T09:31:09.441291+05:30

- Ethereum's fee revenue has plunged, with Layer-2 blockchains like Arbitrum and Optimism thriving. - Critics argue Ethereum's updates weren't economically sound, causing reliance on Layer-2 solutions. - Ethereum's token, Ether, underperforms compared to Bitcoin and faces competition from Solana. Source: [Bloomberg](https://www.bloomberg.com/news/articles/2024-11-29/crypto-s-middle-child-ethereum-flounders-as-rivals-gain-ground)

Ethereum's fee revenue has plunged, with Layer-2 blockchains like Arbitrum and Optimism thriving.
Critics argue Ethereum's updates weren't economically sound, causing reliance on Layer-2 solutions.
Ethereum's token, Ether, underperforms compared to Bitcoin and faces competition from Solana.

Source: Bloomberg

19d ago

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