[Analyst: If the bull market continues, speculation and DeFi will drive Ethereum network activity] On September 20, major cryptocurrencies have risen since the Federal Reserve announced on Wednesday that it would cut the federal funds rate by 50 basis points. If this market recovery evolves into a sustained bull market, analysts predict that Ethereum's on-chain activity will rise sharply. Jasper De Maere, head of research at Outlier Ventures, said that as market conditions improve, Ethereum's on-chain activity may increase significantly, mainly driven by speculation and increased participation in decentralized applications.