Ethereum Competitors Bolstered by High Fees, But ETH‘s Outlook Remains Strong

Ethereum Competitors Bolstered by High Fees, But ETH‘s Outlook Remains Strong

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There has been a boom in demand for Ethereum in recent times, with much of this stemming from the explosive growth of the DeFi sector.

Although this demand has yet to result in any type of bullish price action, it does appear that its growing utility is bolstering its macro outlook.

That being said, the explosive rise of DeFi may actually be having an unintended side effect on Ethereum, as it has…

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