Matrixport: Asian funds drive the performance of ETH and XRP, while the recovery of DeFi will support the continuation of the market trend

ChainCatcher news, Matrixport released today's market analysis indicating that Asia continues to lead in the performance of altcoins, particularly Ethereum (ETH) and XRP. Ethereum has shown resilience driven by several key catalysts. Despite the current Gas fees being relatively low, the funding rates have climbed to double digits—though this figure remains moderate compared to the futures position size and the inflow of funds into Ethereum ETFs.

Last week, Matrixport analyzed Ethereum's performance across different trading sessions globally, and Asia's influence has become increasingly significant since then—directly driving the strong rise of ETH over the weekend. However, this story is not limited to speculative fund flows and institutional capital allocation. The notable rebound in decentralized finance (DeFi) activity is also providing support for Ethereum's upward trend.