Analysts at JPMorgan said Ethereum's dominance in DeFi is fading but it could start reclaiming ground following the ETH 2.0 update.
Analysts at JPMorgan said Ethereum’s dominance in DeFi is fading but it could start reclaiming ground following the ETH 2.0 update.
Numerous cryptocurrency protocols such as Terra, Avalanche, and Solana have emerged as strong competitors in 2021. As such, Ethereum’s supremacy is at risk of being further eroded in the ongoing year, the experts added.Citing Nikolaos Panigirtzoglou, as well as other analysts at JPMorgan Chase & Co., Bloomberg
“In other words, Ethereum is currently in an intense race to maintain its dominance in the application space with the outcome of that race far from given, in our opinion,” the JPMorgan analysts said.
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