Foresight News reports that, according to Cointelegraph, the ETH/BTC exchange rate has reached its lowest level in nearly five years, with some investors even calling ETH a "completely dead" investment. Nic Carter, partner at Castle Island Ventures, believes that "ETH is dying by its own hand" because L2 is too greedy, leading to a decline in Ethereum transaction activity, user growth, and fees/income. Ethereum can be seen as a network with utility, but "absolutely not" as an investment.
Castle Island Ventures partner: L2 is too greedy, leading to Ethereum's sluggish performance
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