The market data for Ethereum (ETH) contradicts claims of stagnation, as the increasing activity in Ethereum derivatives, decentralized applications, and stablecoins indicates growing investor interest. The cumulative open interest in ETH futures contracts reached an all-time high, and three-month ETH futures premiums have also climbed. The options market on Deribit has seen a surge in active contracts. Ethereum's total value locked in decentralized applications has reached its highest level since May 2022. The Ethereum network has regained dominance in stablecoins and on-chain metrics have shown significant growth. The election of Donald Trump has raised hopes for a DeFi bull market as his administration promises to reduce regulatory burdens on crypto.



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