Crypto: Why Ethereum Remains The Uncontested Leader Despite Its Limitations

Away from the dreamed peaks of $4,000, Ethereum remains an essential figure in the Web3 ecosystem. Although the price of its native cryptocurrency stagnates, on-chain indicators reveal a promising dynamic. The transaction volumes of Ethereum DApps surged by nearly 38% in a month, far outpacing its competitors. This contrast fuels the debates: will the price of ETH follow this upward trend or will it lag behind?

The numbers don’t lie, Ethereum remains the leader of blockchains

The Ethereum News: the network reigns unrivaled on the blockchain with an on-chain volume of $149.9 billion over 30 days, leaving BNB Chain far behind with only $26.6 billion. This dominance is accompanied by an impressive growth of 37.7% over the last month, while BNB Chain declined by 6%.

Certainly, critics argue about the high transaction fees of Ethereum, nearing $7.50, but layer 2 solutions like Arbitrum, Base, and Optimism help soften the blow while reinforcing security through the main network.

These fees also generate crucial revenue for maintaining validators, with $163.7 million in fees collected over 30 days, well ahead of Solana and its $133.4 million.

In numbers:

• $149.9 billion in on-chain volume (30 days);
• $59.4 billion in TVL for Ethereum compared to $8.3 billion for Solana;
• Average fees: $7.50 for Ethereum.

The stakes remain clear: Ethereum must enhance its scalability without destabilizing its precious layer-2 ecosystem. A complex equation, but essential for its future.

Crypto innovation at the heart of Ethereum’s future

To address scalability challenges, Ethereum’s roadmap focuses on breakthrough technologies, such as Ethereum 3.0. The announced return of sharding, coupled with a zkEVM engine, could multiply transactions per second. A strategic innovation that Joe Lubin describes as an opportunity for computing aggregation.

However, these advancements take time. During this period, Ethereum remains a favored option for institutional investors. Indeed, its staking-adjusted yield (2.6%) outperforms that of Solana (1%), attracting crucial capital.

Meanwhile, Solana, although performing well in DApps ($338.5 million in fees generated), is marked by higher inflation, hindering its long-term prospects.

Thus, Ethereum continues to shine as the undisputed leader. With ETF volume reaching a record $1.63 billion last week, it remains a solid reference. While scalability challenges persist, its strong fundamentals and capacity for innovation offer hope for brighter tomorrows.