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Ethereum price under pressure: DEX trading volume fell 34% week-on-week. Can the ecological advantage resist the siege of Solana and Tron?
{:en}Ethereum prices have continued to be sluggish recently. After falling below $2,200 on March 9, it has never recovered its lost ground. The cumulative decline this month has reached 14%, far exceeding the 4% decline in the overall cryptocurrency market during the same period. This downturn not only hit investor confidence, but also exacerbated market concerns due to the 34% plunge in weekly trading volume of the Ethereum network decentralized exchange (DEX). Data shows that the top Layer2 solutions including Base, Arbitrum and Polygon were also affected by this, and trading volume generally shrank, while competitor BNB Chain grew 27% against the trend, and the emerging public chain Canto attracted attention with a weekly increase of 445%. Analysts pointed out…
Ethereum price under pressure: DEX trading volume fell 34% week-on-week. Can the ecological advantage resist the siege of Solana and Tron?
{:en}Ethereum prices have continued to be sluggish recently. After falling below $2,200 on March 9, it has never recovered its lost ground. The cumulative decline this month has reached 14%, far exceeding the 4% decline in the overall cryptocurrency market during the same period. This downturn not only hit investor confidence, but also exacerbated market concerns due to the 34% plunge in weekly trading volume of the Ethereum network decentralized exchange (DEX). Data shows that the top Layer2 solutions including Base, Arbitrum and Polygon were also affected by this, and trading volume generally shrank, while competitor BNB Chain grew 27% against the trend, and the emerging public chain Canto attracted attention with a weekly increase of 445%. Analysts pointed out…
{:en}Ethereum prices have continued to be sluggish recently. After falling below $2,200 on March 9, it has never recovered its lost ground. The cumulative decline this month has reached 14%, far exceeding the 4% decline in the overall cryptocurrency market during the same period. This downturn not only hit investor confidence, but also exacerbated market concerns due to the 34% plunge in weekly trading volume of the Ethereum network decentralized exchange (DEX). Data shows that the top Layer2 solutions including Base, Arbitrum and Polygon were also affected by this, and trading volume generally shrank, while competitor BNB Chain grew 27% against the trend, and the emerging public chain Canto attracted attention with a weekly increase of 445%. Analysts pointed out…
Ethereum price under pressure: DEX trading volume fell 34% week-on-week. Can the ecological advantage resist the siege of Solana and Tron?
{:en}Ethereum prices have continued to be sluggish recently. After falling below $2,200 on March 9, it has never recovered its lost ground. The cumulative decline this month has reached 14%, far exceeding the 4% decline in the overall cryptocurrency market during the same period. This downturn not only hit investor confidence, but also exacerbated market concerns due to the 34% plunge in weekly trading volume of the Ethereum network decentralized exchange (DEX). Data shows that the top Layer2 solutions including Base, Arbitrum and Polygon were also affected by this, and trading volume generally shrank, while competitor BNB Chain grew 27% against the trend, and the emerging public chain Canto attracted attention with a weekly increase of 445%. Analysts pointed out…
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