3 reasons why Ethereum’s market cap dominance is on the rise
Ethereum 3 dahilan kung bakit tumataas ang market cap ng Ethereum 10 oras ang nakalipas Balita ng Ethereum ng Bitcoin Ethereum has been the dominant smart contract and decentralized application (DApp) network since its inception. An analysis of Ethers price (ETH) and market capitalization shows indisputable evidence that the blockchain has been gaining market share. As shown above, Ether‘s dominance in market capitalization terms has grown over the past couple of years, from an 18% average in July 2021 to the current 20%. Excluding Bitcoin (BTC) from the analysis, Ether’s market share presently stands at 40.6%, while its next competitor, BNB (BNB), holds a 7.2% share. The disparity between Ethereum and others is also evident when analyzing the total value locked (TVL) on each network‘s smart contracts. Ethereum is the absolute leader with $24.6 billion in TVL, followed by Tron’s $5.4 billion and BNB Chains $3.3 billion. The above chart depicts how Ethereums TVL market share declining from 70.5% in June 2021 to 49.5% in May 2022 as Terra and Avalanche gained a combined 20% market share. However, following the Terra ecosystem collapse in May 2022 — which culminated in developers halting network activity — Ethereum quickly regained a 58% market share. Despite the emergence of DApps on