Tom Lee: Ethereum On-chain Activity Continues to Heat Up, Providing Strong Basis for Major Year-End Rally
BlockBeats News, October 25th, Tom Lee stated in an interview with CNBC: "Cryptocurrency has just experienced the largest-ever deleveraging event in history, the impact of which may be several times that of the FTX event period, yet Bitcoin's final decline has remained in the 3%-4% range."
This clearly demonstrates that Bitcoin itself is becoming an extremely resilient store of value. Imagine if a similar impact occurred in the gold market: even in the face of a major liquidity crisis, when gold only drops by a few percentage points, the market is seen as a solid proof of value anchoring. Bitcoin's current performance is no different.
Driven by stablecoins, the Ethereum Layer 1 and Layer 2 networks are experiencing significant growth in activity, but this fundamental improvement has not yet been fully reflected in the price — market pricing usually exhibits a lagging effect. From what I have observed, the continued increase in on-chain activity is actually providing a solid basis for significant market changes before the end of the year."
You may also like

Musk Poached Aave App's Web3 Prodigy

The Petro Order is Cracking. What Comes Next for the Middle East?

ETF Fund Inflows Emerging, What's Still Missing for BTC to Fully Recover?

Forbes Special Report: The Embrace of AI Agents in the Cryptocurrency Industry

Bitpanda, Vision Web3 Foundation, and Optimism Partner to Onboard European Financial Institutions to the Global Blockchain Economy

What will the early Hyperliquid prediction market look like?

Overseas VC's Two-Week Trip to China AI Leaves Them in Awe of Shenzhen Hardware

Was CZ Also Rug Pulled? BNB Treasury CEA Industries Control Battle

A transaction in 7 seconds, earning tens of millions of dollars, he's seen as the "cancer of meme coins."

Bittensor Ecosystem Token SN Surges 5x in March, What's Behind Richard Heart's One-Liner?

The economy is entering a new cycle, how can the average person prepare?

Access Binance Alpha Box: Sigma.Money to Launch BNB Chain Ecosystem Yield Farming Gateway

Kimi, Chip, and Bean come together for a Crypto Hackathon: What did AI developers build on Monad?

How to Trade Crypto on Mobile Browser & Win LALIGA Tickets (2026 Guide)
Discover how AI automation, natural language trading, and mobile browser trading platforms are shaping automated trading in 2026. Join the WEEX live trading event for early access and rewards like LALIGA VIP tickets.

Connecting encryption, TradFi, and payments, is Gate completing the final puzzle of the "super APP"?

a16z Crypto Operating Partner: Wall Street is undergoing its biggest infrastructure upgrade in 30 years

a16z Crypto's latest research: What is the key to the large-scale application of DeFi?

