[Bitwise: Ethereum is the Microsoft of blockchain, and the market may be reversed at the end of the year] Bitwise said in a report on Tuesday that the second largest cryptocurrency Ethereum seems to be ignored now, but as the year draws to a close, Ethereum's poor performance may be reversed. Ethereum has barely changed so far this year, while Bitcoin has risen 38% and Solana has risen 31%. The report said that Ethereum's recent poor performance stems from risks related to the November U.S. presidential election, increased competition from Solana and other blockchains, challenges facing token economics, and mixed reactions to the launch of spot exchange-traded funds (ETFs) in the United States. "Ethereum has the most active developers, the most active users, and a market value that is five times larger than its closest competitor," wrote Matt Hougan, chief investment officer of Bitwise. "It's like Microsoft (MSFT) in the blockchain field," wrote Hogan. "Everyone wants to talk about newer companies and their game-changing technologies, such as Google (GOOG), Slack (WORK) and Zoom (ZM), "but Microsoft is still larger than all of them combined."