RATE Group | Ethereum will absorb all value of the crypto market
88965
post-template-default,single,single-post,postid-88965,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Ethereum will absorb all value of the crypto market

23 May Ethereum will absorb all value of the crypto market

Posted at 00:51h in Cryptocurrency News by

  • MakerDAO founder Rune Christensen predicts that the demand for tokens and services from the DeFi sector will absorb all the market value into Ethereum.
  • The costs for transactions on the Ethereum blockchain have quadrupled since the end of April.

MakerDAO’s founder, Rune Christensen, tweeted a prediction about the future of the Ethereum blockchain and made his prediction referring to the deposit of a high amount of Wrapped Bitcoin (wBTC) in the MakerDAO protocol to issue 4 million DAI, the stablecoin of the protocol.

Christensen expressed great optimism about the future of the DeFi sector and about the Ethereum blockchain. The founder of MakerDAO believes that the DeFi sector will eventually become a kind of vacuum that will move all the value of the crypto market to this platform. Christensen said:

4 million Dai was just minted with WBTC in a single transaction. This really showcases the latent demand for non-ETH assets, and it’s the beginning of a broader trend of DeFi acting as…

Source link

Tags:
, , ,