Ethereum

2024

DeFi

Bitcoin

Polygon

<p>Ethereum is currently experiencing a turbulent period. Proof: the price of Ether is at its lowest level in 40 months. But despite these difficulties, some experts believe that criticism of the blockchain could soon seem “ridiculous”.</p>
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     <p lang="en" dir="ltr">Ethereum’s slump has attracted some haters. What they’re missing:<br><br>– More than half of all stablecoins are on Ethereum.<br>– More than 60% of all DeFi assets are locked on Ethereum.<br>– Polymarket settles on Ethereum.<br><br>ETH looks like a potential contrarian bet through year-end 2024. <a href="https://t.co/fJpguMCeNQ" rel="noopener noreferrer nofollow">pic.twitter.com/fJpguMCeNQ</a></p>— Bitwise (@BitwiseInvest) <a href="https://twitter.com/BitwiseInvest/status/1836410982882558213?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 18, 2024</a>
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  Interesting facts to know about the Ethereum blockchain
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<h2 id="h-ethereum-face-a-ses-detracteurs-un-avenir-prometteur">Ethereum facing its critics: a promising future?</h2>
<p>According to Matt Hougan, it is easy to hate Ethereum right now. However, the Chief Investment Officer of Bitwise points out that despite the negative sentiments, Ethereum remains <strong>the most attractive blockchain for major companies</strong>.</p>
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<p>Indeed, 60% of decentralized financial assets are still locked on Ethereum. That’s not all! The central role of this cryptocurrency in the world of <a href="https://www.cointribune.com/en/crypto-the-volume-of-stablecoins-on-ethereum-is-exploding-but-at-what-cost/" target="_blank" rel="noopener noreferrer nofollow">stablecoins</a> and DeFi also makes it <strong>an indispensable player in the sector</strong>.</p>
<p>The <a href="https://experts.bitwiseinvestments.com/cio-memos/a-contrarian-bet-on-ethereum" target="_blank" rel="noopener noreferrer nofollow">recent numbers</a> also show that developers are still massively engaged on Ethereum. This refers to <strong>more than 37,800 recorded GitHub commits</strong>. In comparison, Polygon (its main competitor) falls far behind with a 68% gap.</p>
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<h2 id="h-la-concurrence-avec-bitcoin-et-solana-une-rivalite-complexe">Competition with Bitcoin and Solana: a complex rivalry</h2>
<p>In 2024, Bitcoin (BTC) recorded a 40% increase, while ETH grew by only 0.2%. The <strong>ETH/BTC ratio is also at its lowest</strong> in three years, worrying some crypto investors. Yet, Hougan remains convinced of one thing: when the next big company wants to develop a <a href="https://www.cointribune.com/et-la-blockchain-quest-ce-que-cest/" target="_blank" rel="noopener noreferrer nofollow">blockchain solution</a>, it will still choose Ethereum.</p> 
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<p>On the other hand, the expansion of second-layer solutions on Ethereum has reduced its revenues. Today, some wonder if this could weaken its economic model. In response to this, Hougan thinks that ETH crypto will <strong>bounce back</strong> (especially as the upcoming US elections could bring more regulatory clarity).</p>
<p>Sure, the market remains skeptical. Nevertheless, the solid fundamentals of the Ethereum blockchain could make it <a href="https://www.cointribune.com/en/crypto-ethereum-makes-its-grand-return/" target="_blank" rel="noopener noreferrer nofollow">bounce back in the coming months</a>. To be continued…</p>

Ethereum, Still The “Microsoft Of Blockchains”?

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