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24 November 2020

Ethereum Transaction Volumes Rise to 2017 Levels, ETH Price Soars above $500 | BTCMANAGER

Ethereum Transaction Volumes Rise to 2017 Levels, ETH Price Soars above $500 | BTCMANAGER


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Pinning the increasing demand on the rise of decentralized finance, other factors that could explain the rise in Ether prices in the last two weeks are developments around Eth2 and whether the transition will be timely.

According to Defi Pulse, a site that tracks the number of coins under management by different open finance applications, over $14 billion worth of assets have been locked. .

Besides, promoters of those projects, now classified as securities, have since been penalized by the United States Securities and Exchange Commission (SEC) while a majority have closed shop.

It could potentially even reduce systemic risk in some ways because we don’t have the finance system concentrated in these large globally, systemically important institutions.”

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