The percentage of the Ethereum (ETH) offer marked on the network fell to 27.6%, a level seen for the last time in July 2024. This drop raised questions about the long -term attraction of Ethereum among investors and if implementation remains a favorite option.
Ethereum for percentage of November drops
According to data According to Dune Analytics, the proportion of ETH marked on the network fell to 27.6%, a decline compared to its 29% peak recorded in November 2024. At the time of the press, a total of 33.5 Millions of ETH is marked out on the Ethereum network.
Ethereum Staking was introduced in parallel with the launch of the Beacon channel in December 2020, allowing investors to win awards when the network is securing. Over time, ETH’s milestone has gained ground, with major cryptocurrency exchanges such as Binance, Kraken and others offering their users.
In addition, the development has led to the rise of a new vertical market of the market known as derivatives of liquid (LSD). Currently, the LSD market is dominated by Lido (LDO), which commands almost 69% of the total market share. The milestone of the binance follows, holding approximately 15% of the LSD sector.
However, since Donald Trump victory During the American presidential election in November 2024, the regulatory landscape changed, creating an environment that can encourage The entry of new implementation protocols, intensifying competition in the LSD space.
That said, there are concerns about the high concentration of the LSD market commanded by Lido, which is likely to increase even more if the percentage of ETH for the decline. A single LSD protocol having so much influence on the clearing ecosystem could work against the decentralization ethics of Ethereum.
Does ETH lose its charm?
Despite being the second largest digital asset with a market capitalization exceeding $ 327 billion, Ethereum seems to lose the favor of major investors who can seek better yields in alternative blockchain ecosystems.
For example, Defillama’s data show that the Solana’s decentralized finance ecosystem (DEFI) of Solana increased to around $ 4.5 billion in September 2024 to $ 11.3 billion in January 2025. This Rapid growth has been largely powered largely supplied largely supplied largely supplied largely supplied largely supplied largely supplied largely supplied largely supplied largely supplied in large part -powered largely largely supplied largely supplied largely supplied largely supplied largely supplied largely supplied largely supplied largely supplied largely supplied. by the frenzy of the same which took over the Solana ecosystem throughout 2024.
Meanwhile, Google Data Trends indicate A notable drop in the interest of research linked to Ethereum, from 87 in November 2024 to 41 at the time of the editorial staff. This trend suggests that ETH can lose ground, in particular compared to competitors such as Sol, SU and XRP, which have experienced more dynamic price movements in the past year.
Recent chain data also suggest This ETH can fall into disgrace among cryptographic “whales”. At the time of the press, ETH is negotiated at $ 2,712, up 2.8% in the last 24 hours.
Star image of Unsplash.com, graphics by Google Trends and TradingView.com
