Ethereum dominance measures Ethereum’s market capitalization as a percentage of the total cryptocurrency market capitalization. This metric indicates Ethereum’s relative market weight and influence compared to other digital assets. A higher dominance suggests strong investor confidence in Ethereum and its ecosystem, including decentralized applications and NFTs. It serves as a gauge for Ethereum’s position within the broader digital asset landscape.
Context
Ethereum dominance is a closely watched indicator in crypto news, reflecting shifts in market sentiment between major cryptocurrencies. Periods of increasing dominance often correlate with growth in the decentralized finance and NFT sectors built on Ethereum. Analysts regularly discuss its movements in relation to network upgrades, competitive layer-1 protocols, and the overall health of the altcoin market.
The record $237B TVL signals successful institutional capital integration, yet the 22.4% user drop reveals a critical product-market fit failure at the retail layer.
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