CoinShares: Ethereum's trading needs are concentrated in a few speculative application scenarios
2024-09-25 14:16:17
Coinshares release report display ethereum transaction demand focus ondesk3cryptocurrencydesktopCrypto News
According to a report released by CoinShares, Ethereum's trading demand is concentrated in a few speculative application scenarios, limiting its long-term value growth. The report points out that while the Ethereum ecosystem is expanding, the main driver is users' willingness to pay for transactions, especially on decentralized exchanges such as Uniswap, where transaction fees account for more than 90%. At the same time, stablecoin transactions have also become one of the core activities of the network. With the rise of Layer 2 scaling solutions, the demand for Ethereum has declined, and the challenge ahead is to promote the development of on-chain applications with long-term value. (TheBlock)
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