Ethereum’s Supercycle Driven by Stablecoin Growth

Ethereum is experiencing a surge in activity, reaching new highs in transaction volume and fueled by increased demand for stablecoins. This trend is indicative of Ethereum’s long-term potential as the backbone of decentralized finance (DeFi). Market strategist Tom Lee believes this is just the beginning of Ethereum’s supercycle, driven by robust on-chain activity and a surge in stablecoin usage. His statement follows recent record transaction volumes for the cryptocurrency, exceeding previous bull market levels, all signs pointing to a lasting shift in Ethereum’s position within the crypto ecosystem. ]