Ethereum Has Lost L1 War to Solana, Analyst Says Amid ETH Price Struggles

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Name	Symbol	Market	Market Cap ($)	Algorithm
Arbitrum	ARBUSD	Crypto	2,157,954,887	Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.0167	-2.73%	0.5958	0.5958	0.596

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.6167	0.594	0.6125	0.6125	0.428600 - 2.41

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	10:27:34	6.25	0.5958	USD

Price x Volume	Volume	Base Symbol	Related Pairs
631,547.67	1,039,741.94	ARB	ARBEUR	ARBGBP	ARBBTC

Crypto analyst Ignas says Ethereum (ETH) is losing its competitiveness against other layer-one networks. In an X post, the analyst stated that Ethereum’s underperformance compared to other networks was the key reason behind ETH’s price struggles. Per the post, Ethereum’s dominance in the layer-one industry quickly grew after introducing layer twos such as Arbitrum and Optimism. However, […] ...
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