🚨 Ethereum's Throne Is No Longer Safe? 👑🔥
#ETH dominance in the Layer-1 (L1) space is officially being challenged — and the race to lead Web3 is wide open!
Once holding a staggering 96% of total value locked (TVL) in 2021, Ethereum now commands just 51%, according to DeFiLlama. That’s still massive — about $52B in TVL — but the winds are shifting fast. 🌪️
🔍 At the recent LONGITUDE by Cointelegraph event, Nansen CEO Alex Svanevik revealed that the "one-chain future" is over. Today, it’s a multi-chain battlefield, with Solana charging ahead as a fierce rival.
💥 Solana has already overtaken ETH in active addresses, transaction count, and even gas efficiency. It’s leaner, faster, and gaining traction.
⚖️ But let’s not count ETH out yet — it remains a powerhouse for DeFi, stablecoins, and security-first dApps. However, the next Web3 king or queen might not be a single chain… it might be an ecosystem.
🌐 The L1 showdown is heating up — are you betting on experience or speed?