Ethereum (ETH) hasn't had a good time lately. Once the 'king of public chains', it is now undergoing a test of market confidence. According to the latest data, ETH's market share has dropped to 7.4%, a figure that evokes memories of the naive DeFi summer of 2020. In just a few years, the market landscape has completely changed.
Do you remember the crazy bull market of 2021? Back then, 1 ETH could be exchanged for 0.08 BTC, but now this number has shrunk to a pitiful 0.018, a depreciation of up to 4 times. This comparison is like a cold shower, waking up many loyal ETH supporters.
What is even more concerning for ETH holders is that its exchange rate with Solana (SOL) is also deteriorating rapidly. Last year, 1 ETH could be exchanged for 111 SOL, but now it can only be exchanged for 11.5, a staggering depreciation of 10 times. This change seems to be telling us: the competition in the crypto world has never stopped, and if you’re not careful, you will be surpassed by newcomers.
ETH's situation is indeed lamentable. It once transformed the entire industry with the innovation of smart contracts, but now it has to face the reality of its market share being constantly eroded. This inevitably leads one to ponder: Is the market too fickle, or has ETH's pace of innovation really slowed down? Perhaps this is the cruel yet fascinating aspect of the crypto market - there are no eternal champions, only constant evolution. #以太坊的未来
If anyone is feeling confused due to market fluctuations, unsure how to deal with being trapped, or feels misled during their operations, feel free to reach out!