Ethereum has underreaved Bitcoin on 85% of everyday negotiation since its launch in 2015.
Ethereum briefly surpassed bitcoin between mid-2015 and mid-2017 and again at the end of 2019 and at the beginning of 2020. Since then, Bitcoin has always directed the market. James Check, an analyst at Glassnode, stressed that Ethereum only surpassed Bitcoin at 15% of the negotiation days in all its history.
The average transaction costs of Ethereum also fell to $ 0.41, the lowest since the end of August. This marks a significant drop compared to the peak of $ 15.21 observed in the past two years, indicating reduced congestion on the network.
Quinn Thompson, founder of Lekker Capital, also said that Ethereum was “completely dead” as an investment, citing a drop in transaction activity, the drop in user growth and the abolition of network income. Carter previously warned in September 2024 that the income for Ethereum fees had dropped 99% over six months while the L2 took over from user and income flows.
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