On November 2nd, former Goldman Sachs executive and current Real Vision founder and CEO Raoul Pal said that he is more optimistic about Ethereum.
Because the cash generated in the Ethereum ecosystem is about 100 times that of other parts of the entire space, and due to various use cases of the leading smart contract platform, demand shocks may come to Ethereum.
Most people have pledged their Ethereum in DeFi and NFT, so in fact, the free circulation of Ethereum is only about 11%.