The news content highlights the underperformance of ether (ETH) compared to bitcoin (BTC) and other major assets in 2024. While BTC has rallied 127% since the beginning of the year, ETH has only seen a 47% increase. ETH's market capitalization has also failed to outperform that of tether (USDT), a stablecoin. The article examines various developments and milestones in the Ethereum ecosystem, including the activation of the Dencun fork, Justin Drake's proposal of Beam Chain, the introduction of EIP-7809, and the approval of spot ETFs for ETH by the Securities and Exchange Commission (SEC). However, despite these advancements, ETH has not been able to outperform BTC in terms of price growth or market capitalization. BTC's dominance has increased to 55.1% while ETH's dominance has declined to 11.7%.



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