In a couple of months, Ethereum should fully deploy its Proof-of-Stake (PoS) capabilities with “The Merge”. Ethereum continues to lead the Decentralized Finance (DeFi) and Non-fungible Token (NFT) sectors, which are some of the most significant innovative trends in crypto.
You may also like these related readings| Is This the Second Time That The Bitcoin Indicator Has Turned Bullish? It saw a 65% rise.
Ethereum traded at $3.200, with a 6.6% drop in 24-hours.

ETH’s spot as the blockchain holding popular sector continues to be put into questioning as the “Ethereum Killers” gain market share. As Terra and Osmosis gain more popularity, Cosmos and the ecosystem it supports have attracted attention.
Recent data posted by monitor Token Terminal suggest Ethereum’s daily protocol revenue has been migrating towards Terra (LUNA) and Avalanche (AVAX). The metric was able to see an upward trend in October 2021.
ETH’s daily protocol revenue peaked in November that year and began a downside trend from around $80 million to below $20 million. Token Terminal noted the following on this trend and the impact of the upcoming “Merge” on stopping it:
In the 90-day period, the revenue rate has been declining. AVAX, Luna, and other protocols have a growing market share. This trend may be reversed by the merger.

Token Terminal asks this question to see if Cosmos can outperform Ethereum in terms of growth and performance. To support this theory, the monitor pointed to the meteoric growth of Cosmos and its slow progress towards reaching current adoption levels. Token Terminal stated that:
(…) what are the odds of Cosmos eventually outgrowing Ethereum? You can see the difference between how long it took L2s for them to become live and the rate at which IBC enabled chains go live.
Ethereum Will Keep His Spot as the King Of DeFi
Contrary to Ethereum, protocols that are built using Cosmos infrastructure(CosmosSDK), seem flexible and may have fewer tradeoffs. By using this development kit, the project can create “a blockchain that’s dedicated to the asset exchange use case”.
Token Terminal claims this provides the project with more optimization and with tools to improve upon Ethereum’s limitations. The Cosmos ecosystem can be seen in the below image. recordsImportant growth in the years 2020.

NewsBTC reports that two experts think the contrary. Former BitMEX CEO Arthur Hayes and Senior Commodity Strategist for Bloomberg Intelligence Mike McGlone are bullish on Ethereum going into “The Merge”.
Hayes believes that this will set ETH to a 5-digit price and re-take the market share it has lost from the “ETH Killers”. Hayes claims that Ethereum remains the most active blockchain when it comes to development, and that this event will accelerate this process.
Similar Reading| TA: Ethereum Turns Red Below $3.4K, Why Upsides Might Be Capped
McGlone agrees and predicted ETH’s price could reach similar levels around $10,000. According to Bloomberg Intelligence experts, Ethereum has become an internet collateral and strong support is available for future appreciations of NFT dominance and DeFi.