the response to the Pectra upgrade highlights the challenges Ethereum faces in a competitive market environment
The Ethereum ecosystem faces challenges in bridging assets and data across its layer-2 solutions
unlike Solana and BNB Chain
While Ethereum remains the leader in total value locked (TVL) at $53.7 billion
the network fees generated over the past 30 days have been relatively low at $19 million
The subdued market response post the Pectra upgrade mirrors a general dissatisfaction among investors as alternative blockchains have gained momentum. Ethereum’s high base layer fees historically hindered network activity
but these costs have significantly decreased since mid-February
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