In the past, there was speculation about whether Tron would surpass Ethereum in second place. However, recent developments have settled that debate. Ethereum remains the dominant smart contracts platform, although comparisons with Bitcoin, the top cryptocurrency, persist.

Could Ethereum eventually overtake Bitcoin? Some believe so. According to a contributor on X, Ethereum possesses the necessary attributes to become the leading cryptocurrency, citing its larger user base and the advantages brought by smart contracts.

As of May 28, Bitcoin boasts a market capitalization exceeding $1.3 trillion, with each coin valued at over $68,000. Meanwhile, Ethereum holds the second position, with its price hovering above $3,800 and a market cap surpassing $465 billion.

Despite Bitcoin's significantly higher valuation, one analyst argues that Ethereum holds superiority. Ethereum's extensive user base is attributed to its platform's ability to host various protocols, such as Uniswap and Aave, which generate substantial daily fees.

Moreover, Ethereum serves as both a store of value and a medium of exchange, providing it with an edge over Bitcoin, which primarily functions as a transactional layer. Additionally, becoming an Ethereum validator is deemed easier compared to operating a Bitcoin mining rig, with over 1.9 million validators currently participating.

While the recent approval of spot Ethereum ETF listings by the United States Securities and Exchange Commission (SEC) is seen as positive, Ethereum's classification as a security or commodity remains uncertain. This ambiguity contrasts with Bitcoin's clearer designation as a commodity. Despite ongoing debates, analysts believe endorsing Ethereum as a commodity would likely occur if the commission approves form S-1 for registration.