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Ethereum Faces Setbacks as Developer Exodus and Strategic Shifts Weigh on Its Future

  • Ethereum has faced significant setbacks, with a drop of nearly 50% in the past three months.
  • The blockchain's struggle to live up to early expectations and challenge Bitcoin dominance has raised concerns.
  • The loss of developers from the Ethereum platform and the growth of competing networks are impacting its long-term prospects.
  • Strategic shifts, such as moving transactions to layer-2 networks, have unintentionally diverted activity from Ethereum's core network.

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