Ethereum Market Dominance Declines with BlackRock Milestone

Ethereum Market Dynamics Post-FTX Implosion

Ethereum's market dominance has witnessed a notable decline following the FTX exchange collapse in November 2022. As of recent reports by Glassnode, Ethereum's dominance has decreased from 16.8% to 15.2%, marking a 1.5% shrinkage. Market dominance refers to the percentage of total cryptocurrency market capitalization that a specific digital asset commands compared to all other cryptocurrencies combined.