Ethereum, always on the move – The prince of cryptomoney is developing at a sustained pace, thanks in particular to the growth of DeFi. The move to Ethereum 2.0 could also cause a supply shock… and see the arrival of new players, eager to position themselves on this crypto-segment.
Ethereum, an undervalued asset?
Ethereum’s growth is no longer halted, but not only in terms of price. With $1 trillion worth of transactions on its blockchain in 2020, records are still falling at the moment.
There is also a growing demand from developers. Yes, there is! The Ethereum blockchain is the preferred platform for developing new decentralised technologies. Fast transactions and low cost are the main reasons for this.
The upcoming launch of Ethereum 2.0 is contributing to the excitement.
The DeFi boom
In 2019, the total value blocked in DeFi applications on Ethereum had tripled from $190 million in December 2018 to $610 million in December 2019. Today, it would be worth $26.5 billion, according to DeFi Pulse.
This growth could be explained by the massive arrival of institutional investors, who are looking for increasingly attractive rates of return. No doubt that 2021 promises more (good) surprises.