Bitcoin (BTC) and Ethereum (ETH) remain the largest cryptocurrency assets by market capitalization. However, ETH has underperformed...
remain the largest cryptocurrency assets by market capitalization. However, ETH has underperformed BTC over the last two years, despite both assets seeing significant price fluctuations.
Despite the positive news of Spot ETF approvals for both assets in 2024 — Ethereum’s ETF being approved in July — The approval has done little to reverse ETH’s lack of performance against BTC.fees have declined following its Dencun upgrade, contributing to decreased network activity. Additionally, Ethereum’s relative transaction count has dropped significantly, from a peak of 27 transactions per second in June 2021 to just 11 – Marking one of the lowest levels since July 2020.
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