TechFlow news, on December 16, Matrixport released a chart showing that during Bitcoin's bull market in 2024, Ethereum appears to have failed to keep pace with the broader market. Bitcoin's dominance rate surged from 50% to 61%, before pulling back to 54%, while Ethereum's dominance plummeted from 18% to just 12%. This decline became particularly evident after the launch of Ethereum ETFs, with its dominance nearly trending downward in a linear fashion. Meanwhile, market attention has gradually shifted toward Solana and other emerging blockchain ecosystems.
Matrixport noted that 2025 could become a pivotal turning point for Ethereum. Strong capital inflows into Ethereum ETFs may accelerate institutional adoption by traditional financial institutions (TradFi). Although Bitcoin has been the main driver of this market cycle, Ethereum could emerge as a "dark horse" and stage a strong rebound in the future.
