Matrixport: ETH underperforms after the merge, investors prefer BTC more

2025-01-29 15:16:58

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ChainCatcher news, Matrixport released today's chart stating that since the merger in 2022, ETH's market performance has significantly lagged behind Bitcoin. Most of Ethereum's upgrades have had limited impact on ETH prices; rather than being major positives, they are more like stepping stones in the blockchain's journey towards widespread adoption.

Wall Street's interest in Ethereum ETFs has also remained unstable, and Ethereum faces considerable pressure in responding to emerging market trends. For example, an increasing number of users prefer to issue Meme coins on lower-cost blockchains.

However, Ethereum still has highlights, such as the issuance volume of the USDT stablecoin. Although Tron has lower transaction fees, the recent issuance of USDT on Ethereum has surpassed that on Tron, showing a certain advantage.

Overall, Ethereum still faces many challenges in further consolidating its market positioning and value proposition.

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