DTC Capital Crypto Investors: The popularity of stablecoins and the rise of DeFi have boosted the demand for ETH

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According to The Daily Hodl, May 21st, Spencer Noon, head of cryptocurrency investment at DTC Capital, said that the use of Ethereum in the real world Is proliferating. Noon pointed out that the increasing popularity of stablecoins and the rise of decentralized finance (DeFi) are two key factors driving the development of the Ethereum network and the demand for ETH. According to the data of BitInfoCharts, the daily transaction volume of the Ethereum network increased sharply in 2020, soaring from 466,000 on January 1 to 855,000 on May 20. Noon said that Ethereum has officially received the attention of high-net-worth investors.