Osmo noted that Ethereum’s fee revenue has fallen sharply, while Solana continues to close the gap. According to him, Solana has generated about $3.859 billion in annual app fees compared to Ethereum’s $3.868 billion. The difference now stands at only $9 million after years of ETH maintaining a dominant lead.
As a result, he believes that even if ETH’s current price reflects concerns around slowing fees and weak market structure, it does not represent its potential value backed by stablecoin growth and long term network retention.
Analyst Outlines Bull, Base, And Bear Case Scenarios For ETH
His bull case projects tokenized funds driving a 2,400% surge in ETH’s circulating asset market cap by December 2029. The base case puts that figure at 1,150%, while even the bear case holds upside at 400%.
