BlockBeats news, on July 21, Matrixport released today's market analysis indicating that Asia continues to take the lead in the performance of altcoins, particularly Ethereum (ETH) and XRP. Ethereum continues to show resilience driven by several important catalysts. Although current gas fees are relatively low, funding rates have surged to double digits—though this figure remains moderate compared to the scale of futures positions and inflows into Ethereum ETFs.
Last week, Matrixport analyzed Ethereum's performance across different trading sessions globally, and Asia's influence has become increasingly significant since then—directly driving the strong rise of ETH over the weekend. However, this story is not limited to speculative capital flows and institutional capital allocation. The notable rebound in decentralized finance (DeFi) activities is also providing support for Ethereum's upward trend.
