Matrixport: Asian capital drives Ether pump, and DeFi recovery will support the continuation of the market.

BlockBeats news, on July 21, Matrixport released its market analysis today, stating that Asia continues to lead in the performance of alts, especially Ether (ETH) and XRP. Ether has shown resilience driven by several important catalysts. Although current Gas fees are relatively low, the funding rate has risen to double digits - still moderate compared to the futures holdings and the inflow of Ether ETFs. Last week, Matrixport analyzed the performance of Ether during different trading hours globally, and Asia's influence has become increasingly significant since then - directly driving the strong pump of ETH over the weekend. But this story is not just limited to the flow of speculative funds and institutional allocation. The significant rebound in Decentralized Finance (DeFi) activity is also providing support for Ether's upward trend.