ETH Market Share Drops to 7.4%, Near 2020 Levels
According to a report by Jinse, data shows that Ethereum (ETH) market share has dropped to just 7.4%, approaching 2020 levels. Compared to 2021, 1 ETH was valued at 0.08 BTC; now, 1 ETH is only equivalent to 0.018 BTC, a fourfold decline in the ETH/BTC ratio. Meanwhile, the exchange rate between ETH and Solana (SOL) has also fallen from 1:111 in 2023 to 1:11.5 today, representing a tenfold decrease in the ETH/SOL ratio.
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