The Present and Future of the Ethereum Ecosystem
According to Glassnode, the popularity of the Decentralized Finance (DeFi) and GameFi sectors operating on the Ethereum blockchain is increasing day by day. However, the same data indicates that the growth of these sectors does not match the hype. The valuations of native tokens of these projects were also in the same situation. Ethereum, as the largest smart contract platform, has become the "computer of the internet" and continues to progress in that direction.
While facing challenges such as high transaction fees and scalability issues, Ethereum's ecosystem lacked sufficient support from altcoins. On May 31st, using the on-chain analytics platform DeFi blue-chip index, the correlation between ETH and the projects was analyzed.
