Main takeout:
ETH (ETH) has not repeatedly destroyed more than $ 2,700 since May 13, but despite these short -term weaknesses, the price of ether has increased the market cap of 17% over the last 30 days, increasing the possibility of revision as the macroeconomic uncertainty continues.
Investors are concerned that the decrease in interest in applications (DApps) distributed in all blockchains is the main reason for trading 48% below 48% below $ 4,870 in October 2021. The total value lock (TVL) in the industry, which is currently $ 120 billion, is still 43% lower than the December 2021 peak.
Ether Leeum continues to dominate the TVL environment with a market share of 54.2%, and the main Ether Leeum Layer -2 solution has secured an additional 6.3%of the TVL to reduce the competitive pressure of the alternative blockchain. Overall, the deposits in the Etherum ecosystem are four times larger than the total of the two largest rivals, Solana and BNB chains.
Critics argued that Ether Lee was not prepared for the craze, a memo that defined the first quarter of 2025. Nevertheless, some Solana dapps have experienced strong momentum, but the overall advantage of the SOL holder is still uncertain.
For example, the top four Solana DApps (Meteora, Pump, JITO and AXIOM) have a $ 333 million commission over the last 30 days. But the Solana network itself collected only $ 48.5 million over the same period. Some of these dynamic projects regularly sell the treasury reserves, this epidemiology has a drop in the price of the SOL.
For comparison, Ether Lee’s top four DAPPs produced $ 168 million in commissions for the same 30 days, and the user paid $ 38.3 million for network processing fees. This suggests that Ether Lee’s dependence on Layer-2 scaling solutions can be more advantageous for ethical investors than Solana’s uneven revenue distribution.
Ether investors are frustrated, but layer -2 growth is noticeable.
It is useful to investigate the ETH futures market to measure whether the merchant is weak after the 9% drop in Ether between May 29 and May 30.
Despite the $ 150 million in the enhancement location of the strongest enhancement that has been liquidated for two days, the annual premium of ETH futures has reached nearly 6%. In the neutral market, the premium between 5% and 10% is considered a standard because the seller needs compensation for delayed payments.
Some ether investors are also frustrated because of the lack of competitive advantage of Ether Leeum. The most recent network upgrade has not changed its emotions significantly. However, the Layer-2 ecosystem of Ethereum is currently dealing with more than 15 times more transactions than the basic layer.
Ultimately, investor feelings are fixed in a wider macroeconomic trend. The possibility of breaking $ 2,400 or less is closely related to the global economic recession and trade tension. Ether Lee’s TVL and transaction scalability helps to reduce the risk of falling and reduce the possibility that ETH will lower the wider Altcoin market.
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.