Castle Island Ventures partner: L2 is too greedy, leading to Ethereum's sluggish performance
ETH/BTC exchange rate has reached its lowest level in nearly five years, with some investors even calling ETH a "completely dead" investment. Castle Island Ventures partner Nic Carter believes that "ETH died in its own hands" because L2 is too greedy, leading to a decline in Ethereum transaction activity, user growth, and fees/revenue. Ethereum can be seen as a practical network, but "absolutely not" as an investment.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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