According to Cointelegraph, despite Ethereum (ETH) failing to break through $2,700 since May 13, it has outperformed the crypto market by 17% in the past 30 days. However, investors are concerned that declining interest in decentralized applications (DApps) is one of the reasons why ETH remains below its historical peak.
Ethereum holds a market share of 54.2% in total value locked (TVL), while leading Layer-2 solutions account for 6.3%. Despite an increase in Solana's on-chain activity, its overall revenue remains uncertain.
The trading volume of Ethereum's Layer-2 ecosystem is more than 15 times that of the base layer. Although the price of ETH has dropped by 9%, the annualized futures premium is still close to 6%. The price movement of ETH is closely related to global economic risks.
