Kyle Samani emphasizes that Ethereum’s L1 scaling attempts are unlikely to resolve fundamental problems. He highlights Base as a significant competitor, attracting a majority of developer interest in the Ethereum ecosystem.
ETH has experienced notable price movements, recently hitting 2,500 USD and can potentially rise to 2,700 USD to 2,800 USD if positive sentiments persist in the market.
Despite Ethereum’s higher total value locked (TVL), Base has been performing better in address activity and is closing the gap in fee revenue, making it a strong contender in the Ethereum space.
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