Far from the dream peaks of $4,000, Ethereum remains an essential figurehead in the Web3 ecosystem. If the price of its native crypto stagnates, onchain indicators reveal promising dynamics. Transaction volumes for Ethereum DApps soared nearly 38% in one month, far eclipsing its competitors. This contrast fuels debate: will the price of ETH follow this upward trend or will it lag behind?
The numbers don't lie, Ethereum remains the leader
Ethereum news: the network sits unrivaled on the blockchain with onchain volume of $149.9 billion over 30 daysleaving BNB Chain far behind with only 26.6 billion. This domination is accompanied byan impressive growth of 37.7% over the last monthwhile the BNB Chain fell by 6%.
Certainly, detractors criticize high crypto transaction fees of Ethereum, around $7.50, but layer 2 solutions like Arbitrum, Base, and Optimism soften the bill while strengthening security thanks to the main network.
These fees also generate revenue crucial for maintaining validators, with $163.7 million in fees collected in 30 daysfar ahead of Solana and its 133.4 million.
In figures:
- $149.9 billion in onchain volume (30 days);
- $59.4 billion in TVL for Ethereum versus $8.3 billion for Solana;
- Average fees: $7.50 for Ethereum.
The issue nevertheless remains clear: Ethereum must increase its scalability without destabilizing its precious layer-2 ecosystem. A complex equation, but essential to its future.
Crypto innovation at the heart of Ethereum's future
To meet scalability challenges, Ethereum's roadmap focuses on disruptive technologies, such as Ethereum 3.0. The announced return of sharding, associated with a zkEVM engine, could multiply transactions per second. A strategic innovation that Joe Lubin describes as an opportunity for aggregation of calculations.
However, these advances take time. During this period, Ethereum remains a popular crypto option for institutional investors. Indeed, its adjusted staking yield (2.6%) outperforms that of Solana (1%), attracting crucial capital.
Meanwhile, Solana, although performing well in DApps ($338.5 million in fees generated), remains marked by higher inflationhampering its long-term prospects.
Thus, Ethereum crypto continues to shine as the undisputed leader. With ETF volume hitting a record $1.63 billion last week, it remains a strong benchmark. If scalability challenges persist, its solid fundamentals and capacity for innovation give hope for a brighter future.
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