The Ethereum Community Foundation is focused on increasing the value of ETH through strategic funding of infrastructure projects. Zak Cole emphasized the need to address concerns about ETH’s current market position and the importance of garnering institutional support.
Ethereum is facing stiff competition from other major Layer 1 blockchains, such as Solana and Binance Smart Chain. Despite commanding a market share of 55% in total value locked, the price performance of ETH has significantly lagged behind Bitcoin’s.
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