Ether futures open interest hits all-time high as ETH price tops $4.5K — Will it last?

ETH open interest soared to a record high as Ether price rallied through $4,500. Is the rally sustainable?

Key takeaways:

Ether derivatives data shows weak demand for leveraged bullish positions.

Corporations and TradFi favor independent layer-1 chains, challenging Ethereum’s dominance in decentralized finance.

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