以太坊（ETH）优势面对挑战，因为摩根大通分析师表明，增加的竞争正在侵蚀市场份额

以太坊在加密货币领域的ETH/USD优势正面临着一个重大挑战，摩根大通的分析师表明，来自竞争对手区块链的竞争增加正在侵蚀其市场份额并威胁其长期前景。

Cryptocurrency enthusiasts have been closely monitoring the shifting dynamics within the digital asset realm, and recent insights from JPMorgan analysts suggest that Ethereum's dominance in the cryptocurrency space is facing a formidable challenge.

加密货币爱好者一直在密切监视数字资产领域内的变化动态，而摩根大通分析师的最新见解表明，以太坊在加密货币领域的主导地位正面临着巨大的挑战。

According to a report led by JPMorgan's managing director Nikolaos Panigirtzoglou, ETH has notably underperformed both Bitcoin and a range of alternative cryptocurrencies since the recent U.S. election, signaling a concerning trend for investors, as reported by The Block on Thursday.

根据摩根大通（JPMorgan）董事总经理尼古拉斯·潘尼格尔佐格（Nikolaos Panigirtzoglou）的一份报告，ETH自最近美国大选以来，ETH的表现明显不足，比特币和一系列替代加密货币都表明，这表明了有关投资者的趋势，如该街区报道。

JPMorgan analysts primarily attribute Ethereum's struggles to two key factors:

摩根大通分析师主要将以太坊的斗争归因于两个关键因素：

Despite Ethereum's recent Dencun upgrade, which aimed to enhance scalability, transaction activity has predominantly shifted to Layer-2 networks, largely to the detriment of Ethereum's own activity.

尽管以太坊最近的Dencun升级旨在提高可扩展性，但交易活动主要转移到2层网络，这在很大程度上损害了以太坊自身的活动。

Moreover, the migration of top decentralized applications to application-specific chains has emerged as a concern, as this move could potentially reduce Ethereum's fee revenue and increase the risk of the network becoming inflationary due to reduced token burn.

此外，顶级分散应用程序迁移到特定应用程序的连锁店已成为一个关注，因为此举可能会减少以太坊的费用收入，并增加由于令牌燃烧减少而导致网络通货膨胀的风险。

While Ethereum still maintains its leadership in the realm of stablecoins, decentralized finance (DeFi), and tokenization, the analysts express uncertainty regarding its ability to sustain this dominance.

尽管以太坊仍然在稳定的领域，分散的金融（DEFI）和代币化方面保持领导地位，但分析师就其维持这种统治地位的能力表达了不确定性。

Recent initiatives to bolster institutional adoption are acknowledged, but the JPMorgan team concludes that "competition from other networks is likely to remain intense in the foreseeable future."

承认加强机构采用的最新举措，但摩根大通团队得出结论：“来自其他网络的竞争在可预见的将来可能会保持激烈。”

This observation aligns with recent data from Dune Analytics, which indicates that Layer-2 networks have outpaced Ethereum's mainnet in terms of daily transaction volume since August 2022. Notably, Arbitrum and Optimism have emerged as the leading Layer-2 solutions, collectively processing over 1 million transactions per day.

该观察结果与Dune Analytics的最新数据保持一致，该数据表明，自2022年8月以来，第2层网络的日常交易量已经超过以太坊的主网。值得注意的是，仲裁和乐观已经成为领先的第2层解决方案，集体处理超过1个解决方案。每天百万交易。

Meanwhile, Ethereum's mainnet has averaged around 700,000 transactions daily. This disparity highlights the increasing adoption and utilization of Layer-2 networks within the Ethereum ecosystem.

同时，以太坊的主网平均每天进行700,000件交易。这种差异强调了以太坊生态系统中对第2层网络的采用和利用的日益增加。

The news comes as Ethereum has slipped below the $3,000 threshold, plummeting as low as $2,200 on Monday. Notably, the second-biggest cryptocurrency has yet to set a new all-time high since 2021, lagging behind Bitcoin and Solana to the disappointment of investors.

这一消息传来，以太坊的滑坡低于3,000美元的门槛，周一下降到低至2,200美元。值得注意的是，自2021年以来，第二大加密货币尚未设定新的历史最高水平，落后于比特币和索拉纳，这使投资者失望。