Ethereum’s performance has been in decline for months, with investors questioning whether it can regain its lost dominance. A recent Bloomberg report labeled this period as Ethereum’s most challenging yet as it approaches its second decade in the market. Developer activity is dwindling, early adopters are growing impatient, and investor confidence has eroded. 2024 witnessed a significant drop in developer activity for Ethereum projects, while rival blockchains like Solana saw explosive growth in developer activity, attracting more than 83% more developers compared to last year. The market cap of Ethereum plummeted from $480 billion at the end of December to $218.62 billion on March 31st, reflecting a loss of investor trust. 55% price decline has seen ETH fall from a high of $4,034 in December to $1,800 this month. Market dominance has also dropped from 17% to just 8.3%.