Is Ethereum Still a Viable Investment?

A manager at Lekker Capital claims that Ethereum has lost its investment viability due to declining activity, revenues, and user numbers.

Some attribute the value extraction from Ethereum to layer two networks, which has weakened its economic relationship with the ETH token.

However, other experts believe that L2 solutions are essential for the network's expansion, even though they may not directly enhance the market value of ETH.

The debate revolves around the relationship between network utility and token price, in light of the burn mechanism that links usage to supply reduction.