A Messari analyst sparked heated debate over the weekend after declaring Ethereum is “dying” as network revenue declined in August.
In an X post on Saturday, Messari research manager AJC stated that “Ethereum’s fundamentals are collapsing,” as Ethereum’s revenue from fees in August was $39.2 million, down over 40% year-over-year and approximately 20% month-over-month.
But many who read the post disagreed, data-ct-non-breakable=”null” href=”https://x.com/CryptoRick98/status/1964483312338292950″ rel=”noopener nofollow” target=”_blank” title=”null”>pointing to Ethereum’s rising metrics, app revenue, stablecoin supply, data-ct-non-breakable=”null” href=”https://x.com/degenrsc/status/1964694140677226988″ rel=”noopener nofollow” target=”_blank” title=”null”>continued L2 scaling and a distinction between Ethereum…
