“Ethereum is dying,” he said. Some On Crypto Twitter Say Ethereum Is Still ThrivingAJC’s post ignited a debate on X, with multiple Crypto Twitter community members arguing that Ethereum is actually thriving. According to X user Tom Donleavy, using revenue to value a network is “counterproductive,” adding that this valuation method might work for apps, but not for networks. Another X user named “Rick” said that it’s difficult to say that Ethereum is dying when on-chain metrics ‘have actually started showing positive trends.”Hard to say Ethereum is dying when activity metrics have actually started showing positive trends though small. This is more than double the stablecoin supply on Ethereum from January 2024.