#Ethereum dominance in the Layer-1 blockchain space is waning. Once commanding 96% of the TVL across all Layer-1 blockchains, $ETH share has dropped to 51%, according to Nansen CEO Alex Svanevik.


#Solana is emerging as a formidable competitor, outperforming Ethereum in key onchain metrics such as active addresses and transaction volume. Its rapid growth is attributed to faster transaction speeds and lower fees, making it an attractive option for users and developers.


While Ethereum still leads in TVL, the rise of alternative Layer-1 networks like $SOL signifies a shifting landscape in decentralized finance (DeFi). The competition is intensifying, and Ethereum's position as the leading Layer-1 blockchain is no longer unchallenged.

#AltcoinSeason#

May 02, 2025 at 9:15 PM
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