<ul><li>Ethereum faces rising competition from alt-L1s and app-chains despite significant milestones.</li><li>The Dencun upgrade decreased fees for Layer 2 transactions, but reshaped dynamics of Layer 1 fees.</li><li>Ethereum is confronted with a prioritizing conundrum that impacts its value accumulation.</li><li>The value debate revolves around cash flows from transaction fees and MEV vs. Ethereum's monetary premium.</li></ul>

Binance Research Report Highlights Ethereum’s Value Dilemma Amid L2 Growth and Competition

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