Ethereum’s Dominance Grows—But Not for the Reason You Think (Hint: Altcoins Are Bleeding)

Ethereum’s market share isn’t surging because of ETH’s strength—it’s feasting on altcoin carcasses. CryptoQuant’s latest data reveals a brutal truth: while ETH holds steady, competitors are collapsing.

Here’s the twist: Ethereum isn’t the hero here. It’s just the last one standing.

Altcoin volumes are evaporating faster than a meme coin’s promises. Traders—ever the opportunists—are flocking to ETH as the ‘least worst’ option. Classic crypto logic: when in doubt, default to the blue-chip.

Meanwhile, ETH’s ‘dominance’ narrative gets a reality check. No organic growth, just a market playing musical chairs. But hey, in a zero-sum game, someone’s gotta win—even if it’s by default.

Closing thought: When the tide goes out, even the ‘decentralized’ crowd rushes back to centralized safety. Irony’s alive and well in crypto.