Golden Finance reported that the ETH/BTC exchange rate has reached its lowest level in nearly five years, and some investors even called ETH an "completely dead" investment. Nic Carter, partner at Castle Island Ventures, believes that "ETH is dead in its own hands" because L2 is too greedy, resulting in the decline of Ethereum trading activity, user growth and fees/revenue. Ethereum can be seen as a practical network, but "absolutely not" an investment.