- The Ethereum Foundation has transferred 50,000 ETH to a multisig portfolio, arousing speculation on deeper engagement in DEFI.
- The price of the ETH experienced a slight increase (0.8%) to $ 2,654, while the negotiation volumes for DEFI tokens like Aave (+ 12%) and UNI (+ 9%) jumped.
- DEFI TVL based on ETH has climbed 3% to $ 56 billion, with increased activity on the chain signaling increased interest.
The Ethereum Foundation has carried out a large transaction, shifting 50,000 ETH worth around $ 131.66 million in a multisig portfolio for decentralized financing activities (DEFI). The big blow, tweeted by the Lookonchain blockchain analysis platform, has aroused the cryptocurrency community.
The Ethereum Foundation, which feeds the Ethereum ecosystem, seems to announce an evolution towards direct intervention in the DEFI platforms. No location for the funds has been mentioned, but such a decision will have deep implications for the position of DEFI and Ethereum.
The market reacted quickly in response to this development. The price of Ethereum experienced a small gain of 0.8%, going from $ 2,633 to $ 2,654, by CoinmarketCap. In addition to ETH, development has also experienced a high activity in DEFI parts. Volumes for the main coins have increased, with Aave recording a gain of 12% to 150 million dollars and united a gain of 9% to 90 million dollars, by Coingecko.
Analysts claim that such trends have been supported by increased speculation that the ETHEREUM DEFI activity will bring new liquidity and legitimacy to platforms supported by it. The technical analysis also predicted a bullish scenario for the ETH after the transaction. The relative resistance index (RSI) for ETH reached 62 in the time table, an indication of a strong dynamic of purchase.
Ethereum TVL reaches $ 56 billion as DEFI develops
The divergence of Mobile Average Convergence (MacD) also showed a bullish crossing, in accordance with a sustained increase in prices. Chain data revealed increased activity, Etherscan reporting 15% more active addresses in the Ethereum network. In addition, the locked value (TVL) in the protocols of ETH DEFI increased by 3% to $ 56 billion. All these statistics cumulatively indicate an increased demand for ETH and its ecosystem, partly fueled by the actions taken by the Foundation.
The foray of the Ethereum Foundation to become even deeper in Defi reflects its confidence in the future of Defi. If the funds go to certain platforms, such a flow can lead to value in the respective parts and the fuel even greater innovation in DEFI. This decision reflects ETH’s position at the center of the DEFI switching on, with most of the DEFI protocols based on the ETH blockchain.
Investors and merchants will pay particular attention to the DEFI portfolio of the Ethereum Foundation for future activity. Any activity and future collaborations can serve as an indicator of the overall foundation strategy and represent an opportunity for short and long -term actions on the market. This movement reflects the growing prominence of the role of DEFI and ETH in the formation of its development. As the events take place, the community pays particular attention and the actions of the ETH Foundation can serve as a catalyst for a new era in decentralized finance.
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