CoinVoice has recently learned that Matrixport officially stated on social media that the decline in Ethereum Gas fees reflects a continued low activity level in its ecosystem since the upgrade in March 2024. Coupled with persistently low trading volumes, a significant increase in ETH prices in 2025 may face considerable resistance.

Matrixport further stated that in 2024, Ethereum faced strong competition from alternative protocols such as Solana and Sui, which successfully attracted more users, resulting in their tokens outperforming Ethereum throughout the year. Without significant positive stimuli, Ethereum may continue to struggle in 2025, while competing projects are expected to further expand their advantages. [Original link]