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Ethereum’s Dominance Drops to 12% as Layer 2 Solutions Surge

By RT Staff Reporters · January 12, 2025 · 2 min read

Ethereum’s market dominance has plummeted from 20% to 12% over two years, highlighting a significant shift driven by Layer 2 scaling solutions and rising competitors. TradingView data shows this transformation in the crypto market.

Layer 2 platforms like Arbitrum, Optimism, and Base have grown, tackling Ethereum’s congestion and high fees by moving transactions off the main chain. They now hold over $51.5 billion in value, a 205% jump since November.

Solana and Avalanche have capitalized on Ethereum’s challenges, offering quicker transactions at lower costs. Solana’s value soared by 620% in 2023, with Avalanche up by 290%.

The Dencun upgrade in 2024 aimed to cut Layer 2 fees but also caused a dip in Ethereum’s transaction revenue, sparking worries about its economic model.

Ethereum's Dominance Drops to 12% as Layer 2 Solutions Surge. (Photo Internet reproduction) — Ethereum’s Dominance Drops to 12% as Layer 2 Solutions Surge. (Photo Internet reproduction)

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Meanwhile, Bitcoin’s dominance has climbed to over 56%, partly diminishing Ethereum’s share, especially with the introduction of Bitcoin ETFs.

Despite these hurdles, Ethereum holds strong, leading in DeFi and developer activity. It’s adapting with upgrades, showing resilience in a changing market.

Ethereum’s Dominance Drops to 12% as Layer 2 Solutions Surge

Institutional interest remains, as seen with new Ethereum ETFs and tokenization projects by firms like BlackRock, suggesting confidence in its future.

Analysts foresee Layer 2 networks possibly hitting a $1 trillion market cap by 2030, potentially boosting Ethereum if it can integrate these solutions effectively.

This story underscores the crypto market’s volatility and the necessity for innovation to stay competitive, offering investors and policymakers insights into future market dynamics.

However, Ethereum (ETH) is expected to outperform Bitcoin (BTC) in 2025, according to several cryptocurrency analysts and research firms. This forecast is based on various factors that could drive Ethereum’s growth in the coming year.

Compass Point Research believes Ethereum is set for a bounce-back year in 2025. They point to eased regulations and increased clarity around smart contracts as key drivers. The firm also sees growth potential in Ethereum’s ecosystem, including decentralized finance and Layer-2 networks.

Live Market IntelligenceBrazil — Live Market BoardInside: market breadth, the sector heatmap, currencies & rates, the Latin America scoreboard and the full instrument board.

Rio Times · Live Market Intelligence

Brazil — Live Market Board

B3 · São Paulo
Jul 16, 2026 · 20:14

Ibovespa · benchmark

173,825.27
-1.24%

L 173,537day rangeH 176,011

+28.27% over 12 months

Market breadth · 15 names

20% advancing

3 ▲ advancing12 declining ▼

Currencies, rates & key inputs

USD / BRL

5.10

+0.45%

EUR / BRL

5.84

+0.54%

Selic rate

14.25%

·

Brent crude

84.89

-0.07%

Iron ore

161.91

·

Sector heatmap · average move today

Materials

+0.53%

SUZB3

Consumer Staples

+0.19%

ABEV3

Consumer Disc.

-0.70%

AZZA3

Financials

-0.82%

ITUB4, BBDC4, BBAS3, B3SA3

Energy

-1.48%

PETR4, PRIO3

Mining

-1.97%

VALE3, CSNA3, GGBR4

Industrials

-2.72%

WEGE3, RENT3

Utilities

-3.71%

ENEV3

Latin America scoreboard

IndexLastTodayStrength

IbovespaBrazil
173,825.27
-1.24%

S&P/BMV IPCMexico
66,409.65
-0.18%

S&P IPSAChile
10,947.38
-0.70%

S&P MERVALArgentina
3,185,257
-3.22%

MSCI COLCAPColombia
2,285.11
-0.30%

BVL S&P PerúPeru
57,112.22
—

Full instrument board

Instrument	Last	Change	YoY	Prev.	High	Low	Volume
IBOV	173,825.27	-1.24%	+28.27%	176,010.90	176,011	173,537	—
USD/BRL	5.10	+0.45%	-8.35%	5.08	5.10	5.10	—
SELIC	14.25%		—	—	—	—	—
PETR4	39.89	-1.72%	+25.48%	40.59	40.86	39.89	20,460,600
VALE3	72.98	-2.05%	+34.15%	74.51	74.08	72.54	12,952,200
ITUB4	42.55	-1.37%	+24.54%	43.14	43.23	42.34	18,143,000
BBDC4	18.41	-1.02%	+14.63%	18.60	18.54	18.19	19,579,300
BBAS3	20.76	+1.02%	-0.57%	20.55	20.82	20.45	15,277,600
B3SA3	15.39	-1.91%	+12.50%	15.69	15.72	15.24	31,040,600
ABEV3	15.60	+0.19%	+14.04%	15.57	15.71	15.46	20,770,900
WEGE3	43.49	-1.74%	+5.76%	44.26	44.35	43.12	5,647,100
PRIO3	56.79	-1.23%	+33.97%	57.50	57.95	56.79	3,779,400
SUZB3	41.70	+0.53%	-17.46%	41.48	42.18	41.38	4,334,100
RENT3	38.86	-3.69%	+5.03%	40.35	40.25	38.63	5,996,900
AZZA3	18.53	-0.70%	-48.83%	18.66	18.84	18.30	1,186,600
CSNA3	5.10	-2.67%	-36.25%	5.24	5.20	5.10	8,771,300
GGBR4	23.91	-1.20%	+44.65%	24.20	24.37	23.80	7,992,200
ENEV3	25.95	-3.71%	+86.69%	26.95	26.88	25.83	11,323,800

Largest moves today

ENEV3
25.95
-3.71%

RENT3
38.86
-3.69%

CSNA3
5.10
-2.67%

VALE3
72.98
-2.05%

B3SA3
15.39
-1.91%

WEGE3
43.49
-1.74%

PETR4
39.89
-1.72%

ITUB4
42.55
-1.37%

The session read

The Ibovespa eased 1.24%, with breadth negative — 3 of 15 names higher. Materials led, while Utilities lagged.

From The Rio Times

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Ethereum’s Dominance Drops to 12% as Layer 2 Solutions Surge

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Ethereum’s Dominance Drops to 12% as Layer 2 Solutions Surge

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