Ethereum Poised To Blow Past All-Time High With DeFi on Parabolic Uptrend, Says

[Rakin343]

Crypto venture capitalist Spencer Noon is forecasting an Ethereum rally that will launch the asset well above its new all-time high.

The general partner at crypto venture capitalist firm Variant says that the number of users and the amount of capital deployed in decentralized finance (DeFi), which Noon calls Ethereum’s “biggest use case,” is a bullish sign.

“There are now more than 1.25 million DeFi users, a figure that continues its parabolic uptrend – a sign that Ethereum’s biggest use case is on a path towards product-market fit.

There is now more than $25 billion dollars locked in DeFi, with 21 different projects having more than $100M TVL (total value locked) – a sign that the ecosystem is maturing rapidly and becoming institutional-grade. More info