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Castle Island Ventures Partner: L2 is too greedy, leading to the poor performance of Ethereum.
Golden Finance reports that 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, a partner at Castle Island Ventures, believes that "ETH died by its own hand" because L2 is too greedy, resulting in a decline in Ethereum's trading activity, user growth, and fees/income. Ethereum can be considered a practical network, but it is "absolutely not" an investment.