![]() ![]() "These developments indicate the future of finance and are very promising and well-balanced regulation would facilitate the credibility of this growing industry. ", which is so far building an alternative financial system that is more accessible and democratized, is largely built through decentralized applications on the ethereum network," said panel member and University of East London senior lecturer Iwa Salami. Meanwhile, the latest cryptocurrency craze for so-called non-fungible tokens (NFTs) has also resulted in heavy traffic on the underlying ethereum network. With the successful implementation of the Shanghai and Capella Hard Fork, the world’s second largest cryptocurrency, Ethereum, has displayed a very positive move in just two days, where prices. It hit a record high of 3,610.04 on Thursday and was last. With many of the biggest DeFi projects built on top of ethereum's blockchain, the token has soared as users flood the network. Ethereum's market cap on Friday was 410 billion, second to bitcoin's at more than 1 trillion, according to data tracker. CoinbaseĮlsewhere, the soaring popularity of DeFi, using cryptocurrency technology to recreate traditional financial instruments such as loans and interest and designed to replace the role of banks with blockchain-based protocols, has helped ethereum surge over the last year. and pushing the combined value of the ethereum network to almost $500 billion. The ethereum price has rallied hard over the last 12 months, climbing to over $4,000 per ether token. Improving efficiency and boosted demand will lead to a seismic rise in the world's second largest cryptocurrency, Standard Chartered said in a Wednesday note. Currently trading at just under 2,000, Ethereum (ETH 3.26) has a market capitalization of 227 billion, making it the world's second-largest cryptocurrency.
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