Ethereum powers the majority of DeFi and NFT ecosystems, but network congestion and high fees have driven users to alternatives like Solana and Polygon. Upgrades like proof-of-stake aim to address these issues, yet competition remains fierce.
Examining Ethereum’s technical roadmap alongside market adoption helps you understand the challenges of scaling a blockchain while retaining decentralization. The critical question is whether Ethereum can adapt fast enough to stay relevant. Do you think Ethereum will maintain dominance, or will new blockchains take the lead?
As long as ETH stays as the main one to be used, then yeah. But that is not the only reason why ETH is second place, there are many other reasons for that to exist. So it should not be something that will get that much time, it has to be something that takes a while for it to reach that level. So it's clear we are going to see how things will change, if anything else could take its level, I mean we have seen SOL be a lot more used at one point, and even BNB at some time, and neither moved above ETH in value.
So, it provides proof that it's not just the DeFi stuff that gives ETH any power, it's a lot more than that. We should be considering how things could change with time and ETH may lose its value against an effective competitor over the time.