Matrixport: Asian Investors Drive the Surge of ETH and XRP, DeFi Recovery Continues to Support the Market.
Matrixport, a cryptocurrency financial analysis and service company, has pointed out that the Asian region is becoming the main driving force behind the performance of altcoins, particularly Ethereum (ETH) and XRP. Market data shows that investment activity in Asia is increasing significantly and directly influencing prices and trading volume on regional exchanges.
Over the past week, Matrixport conducted a detailed analysis of Ethereum's trading performance across global trading sessions, including Asia, Europe, and the US. The analysis results show that the Asian region is playing an increasingly important role, especially during weekend time frames – when ETH recorded a sudden surge. The clear recovery in Asian trading sessions indicates that investment capital from this region is becoming increasingly strong and directly impacting Ethereum's price trend.
Notably, despite the gas price on the Ethereum network currently remaining low – suggesting that trading volume has not yet truly exploded – the ETH funding rate has risen to double digits. This is a sign that investors are beginning to increase their leveraged positions on derivatives exchanges. However, Matrixport notes that the current funding rate is still not too hot compared to the overall scale of futures contract positions and the capital preparing to flow into the expected Ethereum ETFs in the near future.
Additionally, the report emphasizes that the ETH price increase is not just the result of speculative capital flows or asset allocation by large financial institutions. Another important factor significantly contributing to Ethereum's recovery is the revival of the decentralized finance (DeFi) sector. According to on-chain data, many DeFi protocols are seeing a resurgence in TVL (total value locked), trading volume, and daily active users. This indicates that users are gradually returning to DeFi platforms after a prolonged decline period.
The combination of positive capital flow from Asian investors, prospects from Ethereum ETF products, and the recovery of the DeFi ecosystem is creating a favorable environment for ETH and major altcoins like XRP to continue growing. Matrixport suggests that if these trends continue in the near future, the altcoin market could enter a strong recovery phase, opening up significant opportunities for both institutional and retail investors.
