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
Defi seems to be the new strategy used by new projects but i don't see any reason why Defi will be the only reason why Ethereum will reach 4 digit value which it once reached during its last ATH. Besides, i also believe Defi may also affect the price of Ethereum negatively except if the Defi will be given in another altcoin (Stable coin) cause there is a chance of having excess supply than demand.