{"id":12407,"date":"2025-02-11T08:47:07","date_gmt":"2025-02-11T08:47:07","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=12407"},"modified":"2025-02-11T08:47:07","modified_gmt":"2025-02-11T08:47:07","slug":"ether-has-underperformed-but-total-value-locked-on-ethereum-is-rising-citi","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=12407","title":{"rendered":"Ether Has Underperformed, But Total Value Locked on Ethereum is Rising: Citi"},"content":{"rendered":"<div>\n<p>Ether (ETH) has underperformed year-to-date, declining over 20%, but fundamentals are improving and total value locked (TVL) on the Ethereum blockchain has risen dramatically, Wall Street bank Citi (C) said in a research report Monday.<\/p>\n<p>&#8220;While user activity has been volatile in recent weeks, the fundamental backdrop is not all that murky,&#8221; analysts led by Alex Saunders wrote.<\/p>\n<p>Citi noted that TVL on the Ethereum network has risen sharply, while ether exchange-traded funds (ETFs) are still seeing inflows, and search interest is rising.<\/p>\n<p>Following the U.S. election in November, ether ETF flows turned positive, the report noted, with total inflows of $3.2 billion since their July launch.<\/p>\n<p>Stronger user growth on layer-2s and rival blockchain&#8217;s such as Solana has raised questions about Ethereum&#8217;s competitive advantage, the report said.<\/p>\n<p>President Trump&#8217;s <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/01\/20\/trump-linked-crypto-platform-throws-over-70-m-on-wbtc-eth-other-tokens-ahead-of-inauguration\" target=\"_blank\">World Liberty Financial<\/a> holds more than $200 million of ether, and this could be viewed as &#8220;additional motivation for ensuring the U.S. strengthens its support for the crypto industry,&#8221; the bank said.<\/p>\n<p>&#8220;Relative ETH and altcoin performance may serve as a gauge for how optimistic the industry is regarding follow-through on regulatory clarity in the U.S.,&#8221; the report added.<\/p>\n<p>Citi noted that weakness in ether has coincided with an increase in bitcoin (BTC) dominance, which is now at multi-year highs above 60%.<\/p>\n<p>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/02\/07\/ethereum-faces-intense-competition-from-other-networks-jpmorgan\" target=\"_blank\">Ethereum Faces &#8216;Intense&#8217; Competition From Other Networks: JPMorgan<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ether (ETH) has underperformed year-to-date, declining over 20%, but fundamentals are improving and total value locked (TVL) on the Ethereum blockchain has risen dramatically, Wall Street bank Citi (C) said in a research report Monday. &#8220;While user activity has been volatile in recent weeks, the fundamental backdrop is not all that murky,&#8221; analysts led by [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-12407","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12407"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12407\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}