Vitalik Buterin says the Ethereum platform is stronger than ever. He expressed himself in response to a question asked by a member of the community. The member was negative about the network and Buterin responded:

In what way is ethereum bleeding? It's been looking stronger than ever to me! — vitalik.eth (@VitalikButerin) January 27, 2020

At the moment, Ethereum is moving towards transitioning from a Proof-of-Work consensus algorithm to a Proof-of-Stake arrangement and many things will be improved.

More importantly, some scaling solutions will be implemented and they may likely bring together the network as a DAppleader. In comparison with Bitcoin and other cryptos, developers find Ethereum attractive thereby making it the most active when it comes to development.

Besides, Ethereum network is likewise the most active and is leading numerous decentralized applications (DApps) and DeFi solutions that keep revolutionizing finance.

New users are likewise considering Ethereum, majorly due to lending and borrowing apps. Another reason for the inflow is stated below:

Dapp UX has improved so much. Most DeFi apps feel easier than CeFi.



The issue with UX for adoption is much deeper. Gas pricing, WETH, confusing addresses, seed phrases and more…



The good news is most of these have solutions coming. EIP-1559, ENS and smart contract wallets. — eric.eth (@econoar) October 24, 2019

Statistics revealed that ETH valued at more than $820 million is locked up in DeFi applications. However, according to market observers, this is a net positive for price due to a reduction in supply that will later assist in pumping the price of ETH.

…this is what Bitcoin maximalists don't want you to know.



Supply for ETH is shrinking, as DeFi apps locking it up are driving demand.



There will probably be less ETH available on markets, come next bull run. https://t.co/izVQB1cUsr — Omar Bham (Crypt0) (@crypt0snews) January 16, 2020

When it comes to the performance of ETH, buyers are currently in control. The major trend is bullish in the immediate term despite prices still being repressed.

Currently, ETH prices are still revisiting the 20-week MA. The ability of the buyers to overcome the crucial barrier could make it easy for ETH to reach the high of $365 attained in June last year.



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