COINBASE MONTHLY OUTLOOK: EXPECTATIONS ON ETHEREUM

Summary from the TLDR Crypto newsletter

Ethereum has underperformed in 2024, with many questioning its role when L2s and competing L1s like Solana take market share. Coinbase still believes in Ethereum's long-term potential and its advantages surrounding the developer ecosystem, the proliferation of the EVM, ETH's utility as DeFi collateral, and its decentralization. ETH is uniquely positioned as a store-of-value and technology token and could outperform in the second half of 2024.