Ethereum Faces Relevance Threat Amid Rising Competition, Insiders Warn
According to reports, Ethereum is facing increasing competition and a potential decline in relevance by 2030. Insiders are warning against complacency, as metrics like Total Value Locked (TVL) may not accurately reflect the shifting dynamics of the crypto market. Data indicates that while Ethereum still holds a significant position, other blockchains like Solana and TRON are gaining traction in terms of revenue and user activity. Solana, for instance, has surpassed Ethereum in monthly active users and transaction volume. The discussion highlights a debate over whether Ethereum's focus on economic density and final settlement is enough to maintain its dominance as the crypto landscape evolves.
Never miss a Web3 update
Join our Telegram channel to receive news in real-time, straight to your phone.