According to a recent statement by Matrixport on December 31, the notable decline in Ethereum Gas fees signifies a lingering weakness in the network’s activity since the March 2024 upgrade. This sluggish engagement, coupled with persistently low transaction volumes, indicates that Ethereum’s valuation in 2025 could require a considerable upswing to overcome significant barriers.
Matrixport also highlighted that Ethereum encountered formidable competition in 2024 from alternative platforms such as Solana and Sui, which effectively captured a larger user base and saw their respective tokens outperform Ethereum throughout the year. Without impactful bullish developments to catalyze recovery, Ethereum may find itself at a disadvantage as rival projects continue to enhance their market positions in 2025.
Source: https://en.coinotag.com/breakingnews/ethereum-faces-stiff-competition-and-sluggish-growth-ahead-of-2025-matrixport-analysis/