Deep Tide TechFlow message. On May 25, according to BIT analysis, during the 2020–2021 bull market, smart contract platforms were once widely expected to bring major advantages. The market believed they could reshape parts of the infrastructure and business processes in traditional finance. However, those high expectations did not deliver any clear relative benefits, and Ethereum’s market share in the digital asset ecosystem has continued to decline.

At present, Ethereum’s market share has fallen below 10% again, shrinking by more than half compared with two years ago. This shows that ETH’s relative position in the crypto market continues to weaken. For investors with heavy exposure to ETH, this trend is worth watching closely. The ongoing decline in ETH’s market share indicates that capital is flowing into other narratives or ecosystems. If this trend continues, ETH may still face pressure and remain relatively weak.