DEXs becoming unusable? How to navigate record gas fees ahead of Eth2
Cointelegraph
Published Feb 13, 2021 08:07AM ET
Updated Feb 13, 2021 09:40AM ET
While Bitcoin (BTC) has been in the spotlight since the start of the year, and even more so given the recent $1.5-billion Tesla (NASDAQ:TSLA) purchase, Ether has not been lagging behind. Ether (ETH) is currently sitting at $1,800, and its network has now processed over 1 billion transactions, mostly on the back of the DeFi sector and also due to growing institutional engagement.
According to Lanre Jonathan Ige, research associate at 21Shares — a European issuer of crypto Exchange Traded Products — “Investors understand that Bitcoin is part of a wider asset class and are now attempting to diversify past Bitcoin.” He further told Cointelegraph that for institutional investors, “the prospect of a pure technology play within the industry is an interesting one and the reason why Ethereum is increasingly compelling.”
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Written By: Cointelegraph
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