The U.S. Securities and Exchange Commission (SEC) has officially approved the application of eight Ethereum spot ETFs, which is a great news for the crypto market. Although ETF issuers still need to wait for several weeks before the S-1 registration statement takes effect before trading, the approval of this ETF is undoubtedly a shot in the arm for Ethereum and the entire crypto market.
Looking back at this round of bull market, the price trend of Ethereum has not met the expectations of many people, but the mainstream market view is still optimistic about the long-term trend of ETH. Standard Chartered Bank even predicts that ETH may rise to $8,000 by the end of this year. If Ethereum can really replicate the trend of Bitcoin spot ETF, then the sector projects with the highest correlation with it will most likely become the beneficiaries.
In the L2 track, projects such as Arbitrum, Optimism and Metis have attracted much attention. These Optimistic Rollup projects built on Offchain Labs provide an efficient and low-cost expansion solution for Ethereum. Among them, Arbitrum's TVL is about 19 billion US dollars, Optimism's TVL is about 7.59 billion US dollars, and Metis's total market value has reached 462 million US dollars. The progress and performance of these projects will have an important impact on the performance and usability of Ethereum.
In addition, projects such as ether.fi, Renzo and AltLayer in the re-staking field are also contributing to the security and sustainability of Ethereum. Through the automated liquidity re-staking strategy and EigenLayer's re-staking mechanism, these projects provide users with higher returns while ensuring the stability of the active verification system (AVS). Among them, ether.fi's TVL has exceeded 6 billion US dollars, Renzo's REZ price is now 0.1616 US dollars, and AltLayer's ALT price is now 0.376 US dollars.
In the DeFi field, projects such as Pendle, Lido DAO and Uniswap are also driving the development of the Ethereum ecosystem. Pendle is an interest rate derivatives protocol built on multiple chains, Lido DAO is a non-custodial Ethereum 2.0 liquidity staking protocol, and Uniswap is a decentralized exchange project. The progress and performance of these projects will have an important impact on the prosperity and stability of the Ethereum ecosystem.
With the approval of Ethereum spot ETF and the continuous development of the crypto market, we have reason to believe that Ethereum and related projects will usher in broader development space and opportunities. #以太坊ETF通过 #etf以太坊 #L2
