Ethereum continues to be the epicenter of decentralized apps, enabling industries such as DeFi, NFTs and tokenization. Its extensive developer community is experimenting with new tools and applications, ensuring a lively and varied network. For lots of projects, it remains the go-to site for testing and launching ideas.

At the same time, Ethereum has a problem. High gas fees and a lack of scalability, combined with competition from faster blockchains means the pressure is on to always deliver something better than before. While upgrades will resolve these problems, the larger question is how the ecosystem will adjust over time. Will Ethereum be able to preserve its lead, or will newer networks dominate?