EigenLayer Founder Reiterates Support For Ethereum, Why Is ETH Struggling?

Quick Summary:

Specifically, the co-founder lauded the thriving rollup ecosystem in Ethereum, saying it is “by far the largest and most successful.” As of September 30, L2Beat data shows that the layer-2 ecosystem in Ethereum manages over $38 billion, with Arbitrum and Base among the largest platforms.

Despite scalability and high gas fees facing Ethereum, the founder of EigenLayer, a liquidity restaking platform, insists the network is superior, especially against Solana.

Related Reading: Solana (SOL) Could Go Parabolic’ Once It Breaks $200 Resistance – Analyst On the other hand, Ethereum took a different approach, emphasizing the need for stability and decentralization.

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Article Details

Author / Journalist: Dalmas Ngetich

Category: Crypto

Markets: United KingdomKenya

Topics: ETH Solana Ethereum price Celestia Ethereum Layer 2 Ethereum ETHUSDT Arbitrum Ethereum EigenLayer Base

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-30 @ 17:30:26 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 419 words

Reading Time: 3 minutes read

Sentences: 75 lines

Sentence Length: 6 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 22798970

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