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By choosing to invest $ETH in DeFi protocols rather than selling it, the Foundation is providing liquidity to these platforms and also demonstrating confidence in decentralised finance as a critical part of the Ethereum ecosystem.

As Ethereum prepares for Pectra, the price of its cryptocurrency, $ETH, has been rising. After a recent dip, $ETH has climbed back up to around $2,711, showing a 10% increase in a single day.

Ethereum’s latest price increase comes as Bitcoin ($BTC) reaches record-breaking highs. On the same day, Bitcoin hit $107,822, surpassing its previous all-time high of $106,352, which was set just the day before.