Founder of MakerDAO Rune christensenis pretty optimistic about the future of the decentralized finance (DeFi) industry and the Ethereum blockchain. MakerDAO's founder believes that the DeFi industry will eventually bring the entire value of the cryptocurrency market to this platform. “4 million DAIs were printed with WBTC in a single transaction. In this sense, it reveals the hidden demand for non-ETH assets. At the same time, this is the beginning of a wider DeFi trend where DeFi will act as a kind of economic vacuum, pulling all the value into the Ethereum blockchain. ” spoke as.
Andrew Keys, managing partner of Digital Asset Risk Management Advisors, expressed a similar view. Keys stated in a ConsenSys publication that Ethereum's "infinite" use cases created a market opportunity of approximately $ 80 trillion. "There will be digital representations of fiat money, gold, software licenses, stocks, derivatives, loyalty points, reputation points, and much, much more that we haven't yet grasped." Keys said. commented.
Now there's a big test in front of Ethereum. The biggest cryptocurrency after Bitcoin with its market value will be completely renewed with Ethereum 2.0. It is stated that with the launch of Ethereum 2.0 in the coming months, Ethereum's processing capacity per second will reach from 12-15 to 2000s. The success of this transition will undoubtedly bring much to Ethereum. Failure can also cost you a lot.
During the minutes of the news, ETH is trading at $ 203 and has gained more than 55 percent since the beginning of the year.