Matrixport: Asian Capital Drives ETH and XRP Performance, DeFi Recovery to Sustain Market Momentum
According to ChainCatcher, Matrixport’s latest market analysis indicates that Asia continues to lead the performance of altcoins, particularly Ethereum (ETH) and XRP. Ethereum has consistently demonstrated resilience, driven by several key catalysts. Although current gas fees remain relatively low, funding rates have climbed into double digits—still moderate when compared to the scale of futures positions and capital inflows into Ethereum ETFs.
Last week, Matrixport analyzed Ethereum’s performance across different global trading sessions, and Asia’s influence has since become even more pronounced—directly fueling ETH’s strong weekend rally. However, this narrative extends beyond speculative capital flows and institutional allocations. The notable revival of decentralized finance (DeFi) activity is also providing upward momentum for Ethereum.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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