Ethereum’s market dominance faces competition as Solana, Avalanche, and Cosmos show substantial growth.
Ethereum’s price shows a decline, while Solana and Avalanche experience mixed trading activity and liquidations.
Cosmos and Solana’s derivatives markets reflect decreased activity and market vulnerabilities despite long-term optimism.
Ethereum remains the top dog in crypto development activity, according to market analyst Santiment. However, Solana, Avalanche, and Cosmos are gaining significant ground.
In terms of each crypto ecosystem's total development activity events, Ethereum remains on top. But Solana, Avalanche, and Cosmos are the fastest risers.
Bookmark the completely FREE @santimentfeed Development Activity Dashboard to keep tabs here: https://t.co/W7iBlWZVIu pic.twitter.com/at8Ub75rx2
— Santiment (@santimentfeed) August 29, 2024
Ethereum currently trades at $2,518.77 with a market cap of $303 billion. Its 24-hour trading volume reached $13.97 billion, despite a 1.49% price dip. The circulating supply sits at 120.3 million ETH. The Ethereum derivatives market shows mixed sentiment.
Crypto trader Bluntz believes Ethereum might be nearing a…
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