According to BlockBeats news, on December 16, Matrixport released a daily chart stating that in the Bitcoin bull market of 2024, Ethereum seems to have failed to keep pace with the market. Bitcoin's dominance rate rose from 50% to a peak of 61%, then fell back to 54%, while Ethereum's dominance rate dropped significantly from 18% to 12%.
This decline has been particularly evident since the listing of the Ethereum ETF, with its dominance rate showing an almost linear downward trend. At the same time, market focus has gradually shifted towards Solana and other emerging blockchain ecosystems.
However, 2025 may become a critical turning point for Ethereum. The inflow of funds into Ethereum ETFs has shown strong performance, which may attract traditional financial institutions (TradFi) to accelerate their entry and begin to significantly increase their holdings of Ethereum. We mentioned this in our report last week. Although Bitcoin is the main character in this round of market, Ethereum may become a 'dark horse' and achieve a strong rebound in the future.
