Cointelegraph reported on the 13th (local time) that profitability and market share are being eroded. According to on-chain analysis company Nansen, Ethereum
The average daily number of transactions on Ethereum reached approximately 1.7 million as of the 12th, approaching an all-time high. On the other hand, Arbitrum and Base, which are Ethereum Layer 2 networks, are experiencing a rapid increase in transactions.
se) recorded 3.4 million and 8.6 million transactions, respectively, while Aptos, a competitive Layer 1 blockchain, processed 3.8 million transactions in a single day on the 11th.
The Tie reported that the number of active Ethereum wallets has remained roughly between 400,000 and 600,000 since 2018, and has intermittently exceeded 1 million.
Such data suggests that a significant amount of Ethereum traffic is being leaked to other blockchain networks, resulting in a decline in market share and reputation.
This suggests that protocol revenues are declining, and calls on network stakeholders to establish a new strategy for the smart contract network.
Ethereum was once the dominant general-purpose smart contract platform, but now it is an internal Layer 2 solution.
High-throughput Layer 1 networks such as Solana and Sui are also struggling to secure user interest and market share.
This has forced the Ethereum Foundation to reconsider its scalability and implementation roadmap to adapt to the changing market environment.
However, Mark Boiron, CEO of Polygon Labs,
Boiron recently said in an interview with Cointelegraph, "Ethereum
"However, it is rather dangerous to compete head-on with such next-generation Layer 1 networks in terms of performance indicators such as throughput," he warned.
2025/08/14 19:03 KST
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