The price of ETHER (ETH) fell to less than 2200 dollars on March 9, and has been struggled for recovery since then. Altcoin decreased by 14 % in March, and the low morale of investors has damaged, especially since the broader encryption market only decreased by 4 % in the same period.
In addition to the descending feelings, traders are also concerned about more ETH prices after a 34 % weekly decrease on the Stock Exchange (DEX) on ETAREMM.
Blockchains has been ranked in 7 -day DEX folders, USD. Source: Devillama
Dex sizes have decreased on ETHEREUM by 34 % in the past seven days, a trend that also affected the second layer solutions such as the base, definition and rib. The market decline reached some ETHEREUM competitors as well, as the Solana DeX activity decreased by 29 % and SUI by 17 %. On the other hand, the BNB series witnessed an increase in weekly size by 27 %, while Canto increased by 445 %.
ETHEREUM negative size trends include 85 % decrease for MAPRIC protocol and 46 % decreased for DODO compared to the previous week. More importantly, the drawings on the pancakes – the DEX topped on the BNB series – are equipped on the uniswap. While Ethereum is still the pioneer in DeX sizes, low fees reduce the demand for ETH.
The highest protocols occupied by fees for 7 days, the US dollar. Source: Devillama
Pancakeswap, which works exclusively on the BNB series, achieved $ 22.3 million as seven days ahead, exceeding the uniswap, which works on Ethereum, base, infringement, ribs, and optimism. Other signs of the weak ethereum fees, Lido Thraiting Solana’s Jupiter and AAVE, include ETHEREUM pioneering bumper, which generates fees less than meteora, which is the automated market maker and liquidity provider in Solana.
Ethereum leads to a total closed value, but the gap is narrowing
On the positive side, ETHEREUM is still the dominant pioneer in the total closed value (TVL) at $ 47.2 billion, but a 9 % weekly decrease has greatly narrowed the gap with competitors. Moreover, his 2 -class environmental system showed signs of weakness over the seven days before March 18.
Top Blockchains is the total Locked, USD. Source: Devillama
TVL of Solana decreased by 3 %, while the BNB series witnessed a 6 % increase in deposits compared to the previous week. The negative prominent points of ETHEREUM include a 11 % decrease in Stargate financing over seven days, a 9 % decrease in deposit on Maker, and a 6 % decrease on Spark.
ETHEREUM weak standards from ETHEREM are in line with the demand for the respondent phase in the futures of ETH, as its premium on instant markets decreased to a 5 % minimum, indicating weaker confidence in the merchants.
Ether for two months, annual installment contracts. Source: laevitas.ch
The current annual ETH Futures Futures premium is the lowest in more than a year, highlighting the weak demand of upward merchants. Meanwhile, ETHEREUM (ETHEREM) (ETHEREM) (ETHEREM) (ETHEREM) (ETHEREM) has recorded $ 293 million in net flows since March 5, indicating the interest of inconvenient institutions.
After upgrading Pectra, ETH needs a competitive feature and sustainable adoption.
ETHEREUM also faces increasing competition from Solana in the Memecoin sector, especially after the Trump code (Trump) was launched. At the same time, TON and Solaa acquired $ 75 billion of Stablecoins by taking advantage of low transaction fees. In addition to the pressure, the permanent, excessive liquid future decades were introduced, which increases the challenge of ETHEREUM mode on the market.
Related to: The excessive liquid opened its doors to hunting the “democratic” encryption whale: an analyst
All of this is revealed amid hot discussions between investors and developers on whether Ethereum Layer-2 solutions benefit in an inconsistent manner from very low rolling fees. Basically, the decrease in the DEX market share reflects the added institutional interest, especially since the original ETHEREUM is only 2.3 % when modified for the growth growth of inflation.
In order to restore momentum, it must prove a clear competitive advantage. The upcoming “Pectra” promotion needs to provide an applicable track to adopt a sustainable user; Otherwise, the possibilities are stacked against ETH surpassing its competitors.
This article is intended for general information purposes and does not aim to be and should not be considered legal or investment advice. The opinions, ideas and opinions expressed here are alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
Related Articles
