Odaily Planet Daily News Since the Federal Reserve announced on Wednesday that it would cut the federal funds rate by 50 basis points, major cryptocurrencies have risen. Analysts predict that if this market recovery evolves into a sustained bull market, 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, driven mainly by speculation and increased participation in decentralized applications. There is currently a lot of pent-up demand for projects that want to launch on Ethereum-this suggests that as market conditions improve, a wave of new products may emerge to drive activity in various cryptocurrency fields. (The Block)