DeFi is transforming finance and most projects are running on Ethereum. Institutional interest and Ethereum futures are yet more reasons to be upbeat about this future mainstay of the Blockchain/Cryptocurrency space.
Since its launch in 2015, the second largest public blockchain network has taken enormous steps. The question now is not whether Ethereum will be able to scale it, but when. It is all around its new all-time highs.
Meanwhile, Ethereum continues to deal with enormous volumes of daily trade. During a day of 25 trillion dollars, the third largest cryptocurrency by market capital, Binance Coin, is five times that.
The volume will come in large part from DeFi. Although gas charges for Ethereum are very high, most projects still build there. The future looks better now as solutions from layer 2 contribute to the scale and efficiency of Ethereum.
There is also a greater interest from institutions in general. A Deloitte report on the trends in blockchain revealed Blockchain as a top five corporate strategic priority. With Ethereum the decentralized blockchain most established, many are looking into it.
Institutions also look for ways to protect themselves from future inflation. A successful Bitcoin future market has resulted in corporate interest in Ethereum. Now that the CME Ether future contract has begun, institutional investors have a fully regulated market to invest in crypto-monetary markets and access them.
Major hedge funds could enter the ether markets to safeguard their exposure to spot trading. Ether demand growth can certainly increase here as Ethereum becomes more available in traditional market tools.
