A note from JPMorgan states that Ethereum might be at risk of losing defi dominance as a result of its inability to produce effective scaling solutions fast. The note, written by Nikolaos Panigirtzoglou, managing director of global markets strategy at the firm, further stated that other new smart contracts-enabled blockchains are the ones taking this market share, instead of Ethereum sidechains or other Ethereum-based solutions.
Ethereum Dominance at Stake According to JPMorgan
A note from JPMorgan states that Ethereum might keep losing dominance in the field of decentralized finance in the coming year. The note, written by Nikolaos Panigirtzoglou, managing director of global markets strategy at JPMorgan, states this dominance is at risk due to the problems Ethereum has had scaling its network.
On this, the note stated that scaling:
Which is necessary for the Ethereum network to maintain its dominance, might arrive too late.
Ethereum has centered on an L2 (Layer 2)-centric roa
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