ETHER (ETH) prices fell below $ 2,200 on March 9, and have been struggling to recover. Altcoin decreased 14% in March and investor feelings were hurt due to a decrease. This is especially because the larger password market has decreased by 4% in the same period.
In addition to the weaknesses, traders are also worried about modifying additional ETH prices after distributed exchange (DEX) activity decreased by 34% in Etherrium network.
The blockchain is ranked 7 days Dex volume and USD. Source: Defillama
Ether Lee’s Dex volume has decreased 34% over the last seven days, and this trend has also affected layer -2 solutions such as basic, intervention and polygonal. Solana’s DEX activity decreased by 29% and the SUI fell 17%, and the market slump also hit some Etherrium competitors. Meanwhile, BNB chains increased 27% per share, while CANTO increased 445%.
Ether Lee’s negative volume trends include 85% reduction in Maverick protocols and 46% reduction in DODO compared to last week. In particular, the fee for PancakeSwap, the best dex of the BNB chain, took the fee for Uniswap. Ether Leeum remains as a leader in Dex volume, but reduced fees are reducing the demand for ETH.
The best protocol is ranked 7 days fees and USD. Source: Defillama
PancakeSwap, which operates exclusively in the BNB chain, produced $ 22.3 million commissions for seven days, surpassing Uniswap running on Ethereum, Base, Arbitrum, Polygon and OpMENTISM. Other signs of the commission weakness of Etherrium include Jupiter and AAVE of the Solana -based loan protocol, a Solana -based loan protocol, and less than Meteora, an automatic market manufacturer and liquidity provider based on Solana.
Ether Leeum has a total value, but the gap is narrower.
In a positive side, Ether Leeum remains the dominant leader of the total value lock (TVL), but the decrease of 9%per share has narrowed the gap with the competitors. In addition, the floor -2 ecosystem showed an increase in signs of weaknesses for seven days until March 18.
The best blockchain is ranked with total value lock and USD. Source: Defillama
Solana’s TVL decreased by 3%, while BNB chains increased 6% of deposits compared to previous weeks. Negative highlights for Ether Leeum tvL include 11% decrease in Stargate Finance for 7 days, 9% reduction in manufacturers and 6% reduction in sparks.
Ethereum’s weakening Onchain indicators matched the leverage of ETH futures for a long time. The premium for the spot market has dropped to less than 5% neutral thresholds, which has weakened traders.
Etter 2 months gift annual premium. Source: LAevitas.ch
Currently, 3%annual ETH futures premiums are the lowest in one year and the demand for strong merchants is weakened. Meanwhile, the Spot Ethereum Exchange-Traded Funds (ETF) has signaled institutional interests since March 5, with a net leak of $ 293 million.
After the PECTRA upgrade, ETH requires competitive advantage and sustainable adoption. ‘
Ether Lee Rium is growing in the field of Solana, especially after the official Trump (Trump) token began. At the same time, TRON and Solana won $ 75 billion in Stablecoins using low transaction fees. To add pressure, Hyperliquid Perpetual FutureS introduced its own blockchain and further challenged Ethereum’s market position.
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All of this was developed in the intense debate between investors and developers about whether Ethereum Layer-2 Solutions benefits from very low roll-up fees. In essence, the decrease in DEX market share reflects the weakness of institutional interests as Ether Leeum’s basic staying yield is only 2.3%when adjusted to inflation -based supply growth.
To restore momentum, ether must show a clear competitive advantage. The upgrade of the upgrade of ‘PECTRA’ must provide an executable path for sustainable user adoption. Otherwise, the probability is accumulated against ETH, which surpasses competitors.
This article is for general information purposes and should not be considered legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.