A recent analysis by blockchain analytics firm Santiment offers a sobering look at Ethereum’s market position. While the second-largest cryptocurrency boasts a robust ecosystem and promising developments, its performance has significantly lagged behind Bitcoin, leading to investor frustration. 7 reasons for this underperformance have been highlighted in the report: Layer-2 solutions have diverted investment from ETH itself, while investors grapple with complex upgrades like the Merge. Slow transaction speeds and high fees also contribute to a growing preference for alternative options. Regulatory uncertainty adds another layer of complexity. The rise of competing blockchains like Solana and Cardano further undermines Ethereum’s appeal. Despite this bearish sentiment, Santiment acknowledges Ethereum’s innovative spirit and thriving ecosystem. The report concludes that while price stagnation persists, Ethereum remains a force to be reckoned with, particularly in DeFi, NFTs, and enterprise blockchain applications.