BlockBeats news, on December 16, Matrixport released a daily chart stating that in the Bitcoin bull market of 2024, Ethereum seems to have failed to keep up with the market pace. Bitcoin's dominance rose from 50% to 61% and then fell back to 54%, while Ethereum's dominance dropped significantly from 18% to 12%.
This decline has been particularly evident after the listing of the Ethereum ETF, with its dominance almost showing a linear downward trend. At the same time, market focus has gradually shifted towards Solana and other emerging blockchain ecosystems.
However, 2025 may become a key turning point for Ethereum. The strong inflow of funds into Ethereum ETFs may attract traditional financial institutions (TradFi) to accelerate their entry and begin to significantly increase their holdings of Ethereum, which we mentioned in last week's report. Although Bitcoin is the main character of this market cycle, Ethereum may become a 'dark horse' and achieve a strong rebound in the future.
