07:09
Asian funds drive the performance of ETH and XRP, while the recovery of Decentralized Finance supports the continuation of the market.
According to the latest market analysis from Matrixport, the Gate News bot reports that Asia leads in altcoin performance, especially with Ethereum (ETH) and XRP. Driven by several important factors, ETH continues to show resilience. Although current Gas fees are low, the funding rate has reached double digits, which is still moderate compared to the scale of ETH futures holdings and ETF inflows.
The influence of Asia is becoming increasingly significant, directly driving the strong rise of ETH over the weekend. In addition, the noticeable recovery of decentralized finance (DeFi) activities has also provided support for the rise of ETH. This trend not only reflects the movement of speculative funds but also embodies the allocation of institutional capital.