"XRP's price dropped 27.1% in Q1 2026, marking its worst first quarter since 2018, despite Ripple achieving a $50 billion valuation and tripling its Prime brokerage revenue."
"Ethereum's mainnet fee revenue dropped over 90% year-on-year after EIP-4844, leading to a net inflationary state and a 32% price decline in Q1."
"Layer 2 networks like Arbitrum and Optimism now handle most of Ethereum's transactions, but the fees from those transactions do not benefit ETH, impacting its overall value."
In Q1 2026, XRP, Ethereum, and Solana faced severe losses, with XRP dropping 27.1%, Ethereum falling over 30%, and Solana losing nearly 40%. The downturn was attributed to geopolitical tensions and market conditions. Despite strong fundamentals, XRP's price remained below $1.45 due to selling pressure. Ethereum's mainnet revenue plummeted over 90% as Layer 2 networks gained dominance, leading to a net inflationary state. However, Q2 shows promise with a ceasefire between the U.S. and Iran, potentially allowing these altcoins to recover.
Read at 24/7 Wall St.
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