|
|
Edited by Samiksha at 26-12-2023 12:48 PM
JPMorgan, in a research report on Thursday, stated that in recent months,
the anticipation of the approval of the U.S.-listed spot Bitcoin exchange-traded funds (ETF) has improved the sentiment in the cryptocurrency market, leading to a recovery in decentralized finance (DeFi) and non-fungible token (NFT) activities. The report notes that this growth comes after a slowdown in the last two years, "thus, people are optimistic that the worst period for DeFi/NFT activities may be behind us in terms of the medium-term trajectory."
The report indicates that the Ethereum blockchain does not seem to have benefited from the recent recovery in DeFi and NFT activities and faces challenges related to ""network scalability, slow transaction speeds, and high fees,"" as well as increased competition from other layer-one chains. |
|
Post time 7-12-2023 12:44:43