Ethereum’s price has fallen below 1,600 USD, while 86 million USD has been redirected to rival platforms after Trump’s DeFi law repeal. This has created bearish signals for Ethereum as investors prefer Solana, which received significant inflows.
The reversal of the DeFi KYC regulation is seen as a victory for crypto platforms, but it negatively influences Ethereum’s market share. Solana’s assets increased significantly, positioning it as a viable alternative.
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