Ethereum network activity could see a significant uptick if the current cryptocurrency rally evolves into a sustained bull market, according to The Block‘s Jasper de Maer from Outlier Ventures.
The analyst highlighted that speculation and increased engagement with dapps will primarily drive this growth.
“Airdrops will support activity in the latter, as many companies will conduct TGE and launch mainnets,” de Maer noted.
According to the expert, there is significant pent-up demand from projects intending to launch on Ethereum, indicating the potential for a wave of new offerings across various cryptocurrency sectors.
The expert also pointed to a high likelihood of “smart money” returning to the DeFi sector.
In de Maer’s view, the pace of RWA product adoption may slow down, as “most tokenizations occurred in assets like U.S. Treasury bills.”
Earlier, CryptoQuant outlined conditions for the “parabolic growth” of the second-largest cryptocurrency by market capitalization.
Derive founder Nick Forster expressed doubt about Ethereum returning to its ATH by the end of the year.
Back in September, former BitMEX CEO Arthur Hayes noted the potential for a decline in stocks and other risky assets following the Federal Reserve’s meeting on the 18th.
The specialist expressed confidence in the imminent start of a bull cycle for the second-largest cryptocurrency by market capitalization, as the yield gap between U.S. Treasuries and ether narrows with further easing of Federal Reserve policy.