TechFlow, on December 31, Matrixport released a chart indicating that the decline in Ethereum's gas fees reflects continued low activity within its ecosystem since the March 2024 upgrade. Coupled with persistently low transaction volumes, ETH prices may face significant resistance in achieving substantial gains in 2025.
Matrixport added that in 2024, Ethereum faced strong competition from alternative protocols such as Solana and Sui, which successfully attracted more users, leading their tokens to outperform Ethereum throughout the year. Without significant positive catalysts, Ethereum may continue to lag in 2025, while competing projects are expected to further expand their advantages.
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