According to Cointelegraph, although the price of Ethereum (ETH) has failed to break through $2,700 since May 13, it has outperformed the crypto market by 17% over the past 30 days. However, investors are concerned that declining interest in decentralized applications (DApps) is one reason ETH remains below its historical high.
Ethereum holds a 54.2% market share in total value locked (TVL), with leading Layer-2 solutions at 6.3%. Despite an increase in on-chain activity for Solana, its overall earnings remain uncertain.
The trading volume of the Ethereum Layer-2 ecosystem is more than 15 times that of the base layer. Despite a 9% drop in ETH price, the annualized futures premium remains close to 6%. The price trend of ETH is closely related to global economic risks.
