Look at gas prices: 286 gwei for a fast (2m or less) transaction is pretty costly. It's not an effective smart contract platform when transaction fees are high

Look at gas prices: 286 gwei for a fast (2m or less) transaction is pretty costly. It's not an effective smart contract platform when transaction fees are high AND there are viable alternatives. https://ethgasstation.info/ https://ethgasstation.info/ So looking at eth market cap vs btc market cap is apples vs oranges. You should look at smart contract market cap as a sector which includes BNB, DOT, ADA, and others. Why is BTC > ETH? BTC is like digital gold and investors are buying BTC instead of bonds and other typical safeguards against inflation.