BlockBeats news, on September 20, according to The Block, major cryptocurrencies rose after the Federal Reserve announced that it would cut the federal funds rate by 50 basis points. Analysts predict that if the market recovery turns into a sustained bull market, there will be a significant increase in activity on the Ethereum chain.

Jasper De Maere, head of research at Outlier Ventures, said improving market conditions will drive activity on the Ethereum chain, driven primarily by speculation and increased participation in decentralized applications. A large number of projects are ready to go, and the improvement of the market environment will promote the launch of new projects and further promote the activity of the cryptocurrency field.