Asian funds drive the performance of ETH and XRP, while the recovery of Decentralized Finance supports the continuation of the market.

Gate News bot message, according to the latest market analysis from Matrixport, Asia is leading in altcoin performance, especially with Ethereum (ETH) and XRP. Several important factors are driving this, and ETH continues to show resilience. Although current Gas fees are low, the funding rate has reached double digits, which is still moderate compared to the scale of ETH futures holdings and ETF fund inflows.

Asia's influence is becoming increasingly significant, directly driving the strong rise of ETH over the weekend. In addition, the noticeable recovery of decentralized finance (DeFi) activities has also provided support for the increase in ETH. This trend not only reflects the flow of speculative funds but also embodies the allocation of institutional capital.