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Deputy COO of Hong Kong Victory Securities: Virtual assets may be entering the "Ethereum era"

2024.02.26 - 12:01
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TechFlow News — Zhou Lele, Deputy Chief Operating Officer at Hong Kong's Victory Securities, said virtual assets may be approaching an "Ethereum moment," as capital is increasingly shifting toward Ethereum.

He pointed out that Ethereum's fundamentals are continuously improving, including metrics such as new addresses, active addresses, and value capture. Moreover, an increasing amount of Ethereum is flowing out of centralized exchanges into staking, Layer 2 networks, and lending platforms for cyclical staking. Finally, with rising usage, the scale of Ethereum token burns is also intensifying. Once staking, usage, and token burn enter a positive feedback loop, Ethereum could enter its moment of prominence.

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