Ethereum Remains Top Dog in Web3 Despite Brutal Bear Market
• Ethereum is down 90% in 2023 but has lagged peers with triple-digit gains, presenting a buying opportunity • Ethereum pioneered smart contracts in 2015, enabling innovation in DeFi, NFTs, stablecoins, etc. • Ethereum dominates with $31B in total value locked, 55% of all DeFi, and 2-3x more developers than competitors • Robust developer community ensures Ethereum's long-term viability and attracts more projects • Despite 50% drop from all-time highs, Ethereum remains leader in decentralized finance with significant upside