ETH price prospects dim as Ethereum DEX volumes drop 34% in a week

Quick Summary:

Other signs of Ethereum’s fee weakness include Lido trailing Solana’s Jupiter and AAVE, the leading Ethereum-based lending protocol, generating less in fees than Meteora, a Solana-based automated market maker and liquidity provider. Ethereum leads in total value locked, but the gap is narrowingOn the positive side, Ethereum remains the dominant leader in total value locked (TVL) at $47.2 billion, but a 9% weekly decline has significantly narrowed the gap with competitors.

The altcoin is down 14% in March and the decline has hurt investor sentiment, especially as the broader crypto market only dropped 4% in the same period. Adding to the bearish sentiment, traders are also worried about further ETH price corrections after a 34% weekly drop in decentralized exchange (DEX) activity on the Ethereum network.

Source: DefiLlamaPancakeSwap, which operates exclusively on BNB Chain, generated $22.3 million in fees over seven days, surpassing Uniswap, which runs on Ethereum, Base, Arbitrum, Polygon, and Optimism.

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Article Details

Author / Journalist: Cointelegraph by Marcel Pechman

Category: Crypto

Markets: United States

Topics: Ethereum Ethereum’s Market Fees Days Decline Traders Price Futures Seven March

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-18 @ 21:55:00 (17 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 664 words

Reading Time: 4 minutes read

Sentences: 34 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27160866

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