Bitwise: Ethereum fundamentals remain strong, opponents overlook 3 important pieces of information
Sep 18, 2024 16:43
Odaily Planet Daily News: Bitwise's official post on X platform stated that "Ethereum's slump has attracted some opponents. They have overlooked the following points:
-More than half of the stablecoins are on the Ethereum chain.
-More than 60% of DeFi assets are locked onto Ethereum.
-Polymarket has landed on Ethereum.
By the end of 2024, ETH appears to be a potential reverse bet Previously, Bitwise Chief Information Officer Matt Hougan stated that ETH seems to be no longer in demand, but as this year draws to a close, its poor price performance may be reversed.
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