This Cryptocurrency Has Quietly Outperformed Bitcoin Over the Last Year
Ethereum has outperformed Bitcoin over the last year, gaining 48% compared to Bitcoin's 11% loss. Ethereum's continued upgrades and increasing total value locked in its DeFi protocols are expected to drive further outperformance.
Ethereum has gained 48% over the last 12 months, outperforming Bitcoin's 11% loss. The cryptocurrency's blockchain has received significant upgrades, including the Pectra and Fusaka updates, which have improved its data throughput capacity and reduced gas fees by 83%. Further upgrades, Glamsterdam and Hegota, are planned for this year, aiming to enhance scaling capabilities. Ethereum's DeFi protocols have seen an increase in total value locked, rising from $45 billion to $56 billion. As Ethereum's capabilities continue to improve, it is likely to outperform Bitcoin by an even larger margin. The ongoing build-out and increasing capital allocation to its ecosystem are expected to drive Ethereum's continued outperformance.
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