In October 2024, Bitcoin’s market dominance increased significantly, while Ethereum faced volatility and strategic debates. Bitcoin continued its upward trajectory, outperforming major crypto tokens and traditional asset classes. Ethereum’s ETH/BTC pair reached new lows, and the Ethereum community is divided on future strategies.
Solana saw a dramatic increase in usage and record monthly revenues. Ethereum’s Layer 2 solutions are advancing towards decentralization, with some platforms aiming to secure the majority of L2 TVL with enhanced decentralization measures.