In terms of current market attention, Ethereum's popularity is no longer as high as Dogecoin. Although Ethereum has invested heavily in technological evolution, the biggest problem is that it has not been able to effectively retain users.
The transition from PoW to PoS mechanism upgrades has caused a gradual loss of the massive global user base of GPU miners; in terms of ecology, although there are numerous Layer 2 networks, they develop independently and lack coordination, which has intensified internal competition and led to a significant outflow of resources and funds.
Moreover, Ethereum has provided almost no support in the Meme sector, resulting in a substantial amount of speculative funds flowing into the Solana ecosystem. The slow progress of system upgrades, coupled with the continuous sell-off of assets by the official team, has gradually weakened the confidence and enthusiasm of early supporters.
