Ethereum Layer-2 Solutions Propel Network Beyond Solana's Shadow

Ethereum Layer-2 Blockchain Surpasses Solana

The Ethereum blockchain continues to lead in the Web3 space, with its Layer-2 solutions (L2) playing a crucial role in this success. Despite Ethereum itself losing ground, these solutions help mitigate stagnation and keep the network at the forefront overall. The Base Network, supported by Coinbase, is currently making waves and even overshadowing strong competitors like Solana. According to wallstreet:online, Base Network has recorded a net capital inflow of $1.32 billion over the past three months compared to Solana's $1.27 billion.

Crypto News: Ethereum ETFs Overtake Bitcoin ETFs!

In recent weeks, Bitcoin has experienced an impressive rally as it approaches the psychological milestone of $100,000. However, interest from institutional investors appears to be shifting towards Ethereum ($ETH). As reported by finanzen.net, more capital was invested into Ethereum ETFs than Bitcoin ETFs yesterday alone—$332 million versus $320 million respectively.

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Ethereum Foundation Invests Millions in Zero-Knowledge Virtual Machine Technology

The Ethereum Foundation announced plans to invest millions into Zero-Knowledge Virtual Machines (ZKVMs). This investment highlights their commitment to enhancing privacy and scalability within the ecosystem. Crypto News Flash reports that key projects benefiting include ZK-EVM Project and Poseidon Cryptanalysis among others.

Ethereum Open Interest Hits Record High: Analysts Predict Price Surge

The open interest for Ethereum derivatives reached a record high of $16.8 billion—a 19% increase within just 24 hours—as noted by analysts on Newsbit. Such growth indicates increased leverage use which could trigger significant market movements if mass liquidations occur.

New Record for Ethereum ETFs: Over 300 Million Dollar Inflows

A new milestone was achieved with over $300 million flowing into exchange-traded funds focused on Ether as mentioned via another source from Newsbit. These developments underscore growing confidence amongst investors regarding future prospects surrounding ETH assets globally.

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Article Summary

Ethereum's Layer-2 solutions are helping it maintain a leading position in the Web3 space, surpassing competitors like Solana with significant capital inflows. Additionally, Ethereum ETFs have recently attracted more investment than Bitcoin ETFs, and the Ethereum Foundation is investing heavily in Zero-Knowledge Virtual Machines to enhance privacy and scalability.

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Ethereum Layer-2 Solutions Propel Network Beyond Solana's Shadow

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