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CoinDesk - by layer3.news
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2025-02-07 09:37:03
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Ethereum Faces 'Intense' Competition From Other Networks: JPMorgan


CoinDesk (nprofile…nhef)
✍️ JPMorgan's research report states that Ethereum's (ETH) underperformance is due to intense competition from other networks, lack of a compelling narrative, and migration of decentralized applications (dapps) to other layer 2s.
👉 Ethereum faces intense competition from other networks
👉 Lack of a compelling narrative for Ethereum
👉 Migration of dapps to other layer 2s
👉 Ethereum's growth is behind that of competitors such as Solana
👉 Ethereum's ecosystem still dominates the stablecoin, DeFi, and tokenization spaces

#NikolaosPanigirtzoglou #technology
CoinDesk (nprofile…nhef)

The blockchain's native token ether has underperformed bitcoin and other altcoins in recent months, the report noted.
https://www.coindesk.com/markets/2025/02/07/ethereum-faces-intense-competition-from-other-networks-jpmorgan

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