Six out of the top ten revenue-generating protocols are DeFi applications, the report said.

The bitcoin production cost has historically acted as a lower boundary to the cryptocurrency’s price, the report said.

Profits are redistributed to the community by rewarding token holders with yields.

A price target of $990 is based on the assumption that bitcoin will reach $125,000 by year-end 2025, the report said.

Total market cap of the dollar-linked coin has increased faster than larger rival USDT's in recent months.

The amount of ether held on exchanges is at an all-time low of 11%, a sign that more of the cryptocurrency is being locked up for DeFi, the report

Increased retail activity comes ahead of the three main catalysts in the coming months: the bitcoin halving, the Dencun upgrade of the Ethereum blo

Ether is probably the only digital asset other than bitcoin likely to get spot ETF approval from the SEC, the report said.

Higher crypto prices will have a positive effect on the exchange’s revenue, the analysts said.

USDT's appeal relative to other stablecoins will likely diminish as regulations will require more transparency and compliance with new anti-money l