Citi: Ethereum underperforms, but Ethereum TVL is rising

Citibank (C) stated in a research report on Monday that ETH has performed poorly so far this year, falling more than 20%, but fundamentals are improving and the total locked value (TVL) on the Ethereum blockchain has increased significantly. Citibank pointed out that the TVL on the Ethereum network has risen significantly, while Ethereum exchange-traded funds (ETFs) are still flowing in and search interest is also increasing.