🚨ETHEREUM'S #DOMINANCE DECLINES — #SOLANA AND OTHERS RACE AHEAD.
🔹Ethereum’s #TVL Falls: Once commanding 96% of the market in 2021, Ethereum now holds just 51% of total value locked (TVL) across blockchains.
🔹#Solana Rising: Solana surpasses Ethereum in metrics like active users, transactions, and fees—positioning it as a leading L1 contender.
🔹Open Competition: According to Nansen CEO Alex Svanevik, it's now an “open race” among five to six strong layer-1 blockchains.
🔹Trend Warning: Some experts caution that many L1s ride temporary hype (airdrops, bull markets), lacking long-term adoption.
-LONGITUDE panel, May 2025$ETH