Ethereum is growing popularity has largely been attributed to the rising interest in DeFi projects, what's going on? Will ethereum finally be able to leave it's 3 figure value?
The number of daily addresses interacting with ETH has surge in the past 24 hours to a Two Years single day high of 486,000 addresses! The last time Ethereum's address activity was this high was on May 5th, 2018
You can't really compare investors mentality back in 2017, there are a lot of irrational buyers, jumping on the bandwagon and believing that crypto, including ETH will go on parabolic rise, reaching 4 digits and more. However, it is not the case though.
Regarding if we are going to hit it again because of DeFi projects, it could be, no one really knows, as long as there are hype then people are going to buy it. Maybe we should wait for cyrpto's next bull run to see how it is going to be. I personally believed that ETH can reach 4 digits again, similar to Bitcoin reaching another all time high in the future.