Growing Demand for Decentralized Finance (DeFi) The rise of DeFi has been one of the biggest driving forces behind Ethereum's recent surge. With the growing popularity of decentralized applications (dapps) that allow for peer-to-peer lending, borrowing, and trading, there has been a surge in demand for Ethereum's smart contract capabilities. This has led to an increase in the use and value of ETH, as it is the primary currency used for transactions on these dapps. With the DeFi market expected to continue growing, Ethereum's value is likely to follow suit. Institutional Investment In addition to the growing demand from the DeFi sector, Ethereum has also seen a significant increase in institutional investment. Companies like Grayscale have been adding ETH to their investment portfolios, while major financial institutions like JPMorgan Chase have also shown interest in the cryptocurrency. This influx of institutional money not only adds legitimacy to Ethereum, but also...
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