Ethereum's competitive challenges

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Solana onboarded 7,625 new developers in 2024, surpassing Ethereum’s 6,456 new developers and challenging Ethereum’s dominance in attracting developer talent
Ethereum’s transaction fees reached their lowest point in five years as of April 2025, according to analytics firm Santiment
Institutional investors, as of April 2025, began scaling back their Ether holdings amid declining investor confidence and diminished clear growth catalysts

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