Cryptocurrency Q&A Why is ETH so big?

Why is ETH so big?

Chloe_martinez_explorer Chloe_martinez_explorer Wed Dec 25 2024 | 7 answers 1697
ETH has become significantly large due to its popularity in the cryptocurrency market. Its smart contract capabilities and decentralized applications have made it a preferred choice for many, driving its value and adoption to new heights. Why is ETH so big?

7 answers

CryptoMystic CryptoMystic Fri Dec 27 2024
Ethereum holds a prominent position in the realm of decentralized finance.

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Elena Elena Fri Dec 27 2024
It accounts for 57% of the total DeFi value locked on its blockchain.

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Martina Martina Fri Dec 27 2024
This dominance highlights Ethereum's significance in the DeFi sector.

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CosmicDream CosmicDream Fri Dec 27 2024
Furthermore, Ethereum boasts a lower market size-to-TVL ratio compared to its competitors.

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Pietro Pietro Thu Dec 26 2024
This suggests that ether could potentially offer better value to investors.

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