DeFi and DEX lifts the value of ETH



We all know that DEX is making huge revenue in recent days. Many DEX platforms has experiencing constant hype in number of users signup and trade volume each seconds. This shows the significant interest and trust of crypto traders over DEX exchanges.

Hope you all come cross the concept of DeFi – Decentralized Finance which is also creating a greater hype in crypto space.

If you are unaware of DeFi , let me define DeFi in short .

The DeFi is a short form of Decentralized Finance (DeFi). This Decentralized Finace or Open Finance is one that includes digital assets, protocols, decentralized applications that are built on blockchain, smart contracts and so on. 

This increase in DEX volume and DeFi value in the cryptocurrency world, is increasing the value of Ethereum which is the main trading altcoin in both DEX and DeFi system.

Recent news says that ,

Ethereum, the second-ranked cryptocurrency by market cap’s most important use cases, continues to spike. As these metrics breakout and surge, the smart-contract focused altcoin may be ready to explode.

 The initial coin offering boom of 2017 helped bring Ethereum to an all-time high of $1,400 per ETH token.That use case eventually disappeared due to regulatory crackdowns from the US Securities and Exchange Commission.

 The combination of DeFi going parabolic, DEX volumes reaching all-time highs, and ETH 2.0 on the horizon has enormous potential. It could even finally be the catalyst that helps Ethereum explode through resistance and revisit previous highs.

 Much like $10,000 has remained unbreakable for Bitcoin, $250 has acted as a barrier between Ethereum and a retest of former highs.

With real fundamental growth happening in the altcoin, technicals will eventually catch up, and ETH prices could soon explode higher. And once resistance at $250 breaks, fireworks are bound to ensue.

 Thus this DeFi and DEX volume increase inturns increases the value of ETH in recent days and making it as ETH2.0.

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