CoinVoice has learned that Matrixport released a report stating that in the 2024 Bitcoin bull market, Ethereum seems to have failed to keep up with the market pace. Bitcoin's dominance rose from 50% to 61% before falling back to 54%, while Ethereum's dominance significantly dropped from 18% to 12%.
This decline has been particularly evident since the listing of Ethereum ETFs, with its dominance almost showing a linear downward trend. At the same time, the market focus has gradually shifted to Solana and other emerging blockchain ecosystems.
However, 2025 may become a crucial 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 accumulate Ethereum on a large scale, as we mentioned in last week's report. Although Bitcoin is the main focus of this market cycle, Ethereum may become a 'dark horse' and achieve a strong rebound in the future. [Original link]
