Why Ethereum Was Bumping Higher on Tuesday
One of the great promises of Ethereum's (CRYPTO: ETH) blockchain is that it's a go-to for people wanting to use it for smart contracts. With the chain's rise came the inevitable proliferation of competitors aiming to provide such functionalities cheaper, faster, and better.On Tuesday, however, the market got an indication that Ethereum was doing better than many might have expected. As a result, the coin's value was rising by over 4% late Tuesday afternoon, as of 4 p.m. ET.According to a report published on crypto industry site Coindesk.com, citing data from DefiLama, in March Ethereum was the most popular smart contract blockchain for decentralized exchange (DEX) asset trading. It reclaimed its No. 1 spot from peer Solana. Continue reading
One of the great promises of Ethereum's (CRYPTO: ETH) blockchain is that it's a go-to for people wanting to use it for smart contracts. With the chain's rise came the inevitable proliferation of competitors aiming to provide such functionalities cheaper, faster, and better.
On Tuesday, however, the market got an indication that Ethereum was doing better than many might have expected. As a result, the coin's value was rising by over 4% late Tuesday afternoon, as of 4 p.m. ET.
According to a report published on crypto industry site Coindesk.com, citing data from DefiLama, in March Ethereum was the most popular smart contract blockchain for decentralized exchange (DEX) asset trading. It reclaimed its No. 1 spot from peer Solana.
