$ETH

Ethereum's dominance in the blockchain world has noticeably declined. After holding 96% of the total value locked (TVL) in 2021, its share has dropped to around 51% currently. This decline is attributed to the emergence of other faster and cheaper blockchain networks like Solana, which has surpassed Ethereum in some key metrics such as active addresses and transaction volume.

Despite this, Ethereum still ranks first in terms of total value locked and stablecoin issuance, and it boasts a strong ecosystem and a large number of developers. However, increasing competition, a focus on innovation, and the adoption of scalable solutions will be crucial for the future of Ethereum's dominance in this dynamic field.