🌐 Coinshares: Ethereum's growth relies on DeFi protocols and the stablecoin market, but there are still challenges ahead!
On September 24, Coinshares' new report emphasized that Ethereum's remarkable success is mainly due to the strong growth of decentralized finance (DeFi) and the stablecoin market, which have established Ethereum's central position in the infrastructure of crypto projects.
The report pointed out that markets such as decentralized exchanges (DEX) and NFT platforms have consolidated Ethereum's position as the blockchain of choice. Among them, platforms such as Uniswap and OpenSea have made a huge contribution to Ethereum transaction fees, and the value of stablecoins circulating on Ethereum has exceeded US$135 billion.
Despite this, Ethereum's future growth is still full of uncertainty. Analysts believe that Ethereum's latest upgrades, including the shift to proof-of-stake (PoS) and the development of layer 2 (L2) expansion solutions, have laid the foundation for future growth. However, future innovation and demand for new decentralized applications (dApps) remain unknown.
Therefore, for Ethereum to achieve long-term success, it needs to go beyond its current use cases. While the Ethereum ecosystem has great potential in terms of enterprise adoption, gaming, and the metaverse, real-world demand and implementation are key. In short, Ethereum needs to attract developers to drive the application of blockchain technology in daily life.
What do you think of the long-term value of Ethereum? How do you think Ethereum will develop to achieve new growth? Leave your views in the comments!
