Ethereum (ETH) has been in a frenzy as it continues to stamp its authority in the crypto space. The second-largest cryptocurrency continues to make merry as it is just 5.28% below its all-time high (ATH) price of $1,400. ETH has enjoyed a remarkable bull run, with its price up by 22.14% in the past week.
Ryan Watkins, a researcher at MessariCrypto, has delved deeper into what Ethereum has to offer the crypto sector. He acknowledged:
“Ethereum’s daily transaction volume is going parabolic. It now settles $12 billion in transactions daily – $3 billion more than Bitcoin. Imagine not being bullish ETH.”
This analysis shows that ETH has been on overdrive because many participants have jumped on its bandwagon and the momentous daily transaction volume cements this fact. Recently, Ethereum addresses with at least 0.1 ETH went through the roof and broke the record at 3,716,113 coins.
DeFi is part of Ethereum’s rocketfuel
The decentralized finance (DeFi) sector has been a…