Despite a challenging period for Ethereum, with declining momentum and negative sentiment, a report from Galaxy highlights the positive developments within the ecosystem. Over 50 non-crypto companies, including 20 financial institutions, have begun building on Ethereum or its layer 2 solutions. This includes major financial firms exploring tokenized real-world assets, a significant use case for Ethereum. The report also notes that while NFTs have lost their initial allure, companies like Atari and Lamborghini are still actively investing in NFTs, particularly within gaming contexts, which benefit from the scalability of Ethereum's layer 2s. These developments indicate ongoing construction and interest in Ethereum from outside the traditional crypto community, suggesting a potential path forward amidst market challenges.

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