Bitwise Analyst: DeFi Performance is "Feeding Back" into Ethereum, On-Chain Economic Infrastructure is Being Reassessed
Odaily Planet Daily News Bitwise researcher Danny Nelson stated that the current market trend is different from the past—it is not led by ETH driving the DeFi ecosystem, but rather the strong performance of DeFi projects is "feeding back" into Ethereum. He pointed out that traders are trying to price in an anticipated future: the universal infrastructure of the Ethereum on-chain economy will expand into a truly powerful system.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
U.S. crypto-related stocks continue to weaken in pre-market trading
FTX/Alameda unstakes 194,800 SOL worth $25.5 million
Data: A new wallet withdrew 37,002 SOL from an exchange, worth approximately $4.84 million.
Trending news
MoreCrypto prices
More
