Ethereum’s Dominance Challenged by Layer-1 Rivals

CoinShares CSO: Ethereum Narrative Hampered by Rise of Alternative Blockchains

In an interview with market intelligence platform CoinShares, Chief Strategy Officer Meltem Demirors expresses concerns about the narrative surrounding Ethereum (ETH) amid the increasing popularity of alternative layer-1 blockchains. Demirors believes that crypto newcomers are more likely to choose Bitcoin (BTC) as their entry point into the digital asset ecosystem due to its simpler narrative.