For the past few months, Ethereum’s crypto has not been at its best. And it seems like things are only getting worse for ETH. The recent announcement by Uniswap to migrate to its own network, Unichain, could lead to a significant decline in Ethereum network activity. While some indicators point to a ‘bearish’ trend for 2024, the launch of Unichain could well be the final blow for the second-largest crypto on the market.
The future of Ethereum threatened by the launch of Unichain
This means that these financial flows, previously reserved for Ethereum, will now be captured by Unichain, further weakening the ETH network.
- Less activity on Layer 1;
- Fewer transactions in GWEI;
- Drastic reduction in cash flows.
ETH crypto faces major development challenges
For ETH crypto to survive, it must not only rethink its economic model but also propose new narratives capable of attracting investors and users in the face of these major changes.