In the past six months alone, ETH has risen by more than 300% while BTC has only risen by 85% in the same timeframe.
DeFi on Ethereuem has matured drastically and layer 2 platforms present the network with the most important growth prospects.
Additionally, as highlighted in an earlier analysis, institutions are already looking at Ethereuem as a secondary store of value and are gearing up to make large purchases this year.
Interestingly, the first phase of the 2.0 upgrade, which aimed to address the network’s tech issues on speed, scalability and efficiency launched last year and as depicted in the chart below, the number of new deposits witnessed a sharp upsurge last month.
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