Ethereum: Growing Amidst Doubts and Criticism

The applications and transaction volume on the Ethereum network continue to grow, but it still faces issues of scalability and high transaction costs. Although the launch of Ethereum 2.0 has addressed many problems, the Ethereum network still struggles to meet the demands for a large number of small transactions and global applications.

Currently, there are an increasing number of competitors in the market, such as Solana, Avalanche, and Polkadot, which also provide platforms for smart contracts and decentralized applications, making significant innovations in transaction processing speed and low costs.

In addition, the upgrade and change process of Ethereum also faces certain technical and governance risks. While developers in the Ethereum community continue to drive innovation, the difficulty and uncertainty of technical implementation still exist, especially regarding the stability of validator nodes and network security after the merge.

From the recent market performance, Ethereum's price trend is still largely influenced by Bitcoin, but its ecosystem and technological upgrades have solidified its position in the market.

Recently, Ethereum's price trend has been quite volatile, but its long-term upward trend remains favored by investors. As the cryptocurrency market warms up in 2024, Ethereum's market share continues to rise, and despite facing high volatility, ETH still exhibits strong market confidence. Continuous Expansion of Decentralized Applications: An increasing number of projects and platforms rely on the Ethereum ecosystem, with the DeFi and NFT markets remaining core application scenarios for Ethereum, which keeps the demand for Ethereum strong. Implementation of Layer 2 Scaling Solutions: In terms of Ethereum's scalability, Layer 2 solutions (such as Optimism and Arbitrum) are gradually being implemented, helping to alleviate the burden on the Ethereum main chain, reduce transaction costs, and increase transaction speeds, bringing more opportunities and possibilities for Ethereum.