The Ethereum ecosystem is an amazing technology, something that many other Blockchain projects are years light from it, a complete change in humans life deal with Crypto assets funds.
Ethereum isn't just a coin, not at all, is a technology that sustain immense automated protocols which could interact with peoples money without needing someone to pull the strings behind, engineers, developers and "thinkers" made that possible. The rise of Ethereum isn't sporadic, is something that futuristic persons already knew about, the hability to create tokens ERC-20, build smart contract protocols, the DeFi ecosystem, the DEX exchanges and many more usecase of the Ethereum network is a clear statement that this Blockchain technology is far ahead on their concurrency.
Lately the rise on Ethereum price asset, and the DeFi (decentralized finances) pushed also the DEX exchanges to see astonishing volume transactions, with July hitting the $4.3 billions for the first time record beating the previous $1.5 billion from June 2020.
Ethereum will certain reach the mark of $400 per unit and with the market on fire surpass the all-time-high values for 2020 and if the market continues to "fly" will for sure hit values never reached before. It's a fact that the rise of decentralized finances, DeFi, have showed up that people can deal with own funds without leaving the control of their money investing and trading with Decentralized Exchanges.
Decentralized exchanges are growing more than ever and are part of the Ethereum ecosystem, platform such Uniswap, Curve, Loopring, Kyber and many more are builted using the Ethereum technology of smart contracts.
Important non DeFi projects such Brave Browser Blockchain tool, which grant users the hability to surf the web protected and with focus in privacy, with no trackers, malicious scripts and spyware tracking users browsing, have created their native token BAT on top of Ethereum network. BAT isn't just a merely token is the first product of a Blockchain technology Browser.
DeFi smart contract protocols are largely used nowadays thankful to a percepcion and the need of a service which can grant total anonymous lending needing just the applicant to secure some crypto in collateral open a position on the smart protocol with no middleman interference and with affordable rates, anyone, anywhere can have a loan as long fulfill the requirements asked by the protocol chosen.
MakerDAO is the king on DeFi services, with a whooping $1 billion locked in funds from customers with purpose of lending!
Ethereum network is a technology with so many purposes in humans daily usecases, there is a lot more than a coin on it but a lot more on top of it.
The rise is just starting!
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Take care.
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