Ethereum has declined by 47% over the past year, with its market cap shrinking to 221 billion USD. From 3,600 USD in January 2025, it has dropped to 1,800 USD.

While BTC has surged by 30%, competitors like Solana and XRP are gaining ground. XRP, for instance, has skyrocketed by 249%, with its market cap jumping from 30 billion USD to 127 billion USD.

Ethereum’s leadership under Vitalik Buterin faces criticism for not adapting to changes in the crypto market. This stagnation has resulted in a significant loss of developer interest and market dominance.