Resistance levels for Ethereum isnoted at $8, $10, and $12. Supportlevels were seen at $5, $3, and $1.

Mass adoption of decentralizedfinance, involves bringing in more users to the process. The success of any system is all aboutbringing in more people in to the system.

Kulechov recently stated, “We need to approach adoption from an ecosystem point of view. You maybe building a project related to decentralized finance. Each of these projectshas a use case. But it is only if you connect these decentralized financeapplications you can succeed in forming an ecosystem where users will bebrought into the system.”

The major focus of the app is notabout mainstream adoption. He furtheradded that “decentralization is a matter of choice.”

There are decentralized users whohave concerns about privacy, and Aave opines that it will be a good idea fordevelopers to stay focused on these users.

dApps are growing inpopularity. The numbers of Ethereumbased dApps are popular and growing in number.

While there are several issuesaround finance based topics, “defi” apps on the Ethereum Network provide theusers with a new set of tools that can be used to manage ETH based tokens andassets.

There has been a fitful startwith Securities Exchange Commission where a fresh proposal for Bitcoin ETF istrending back on track.

There has been talks about thedifficulty bomb trending over again with Ethereum. There has been a lowest level of daily blockreward with Ethereum, where the daily block reward issuance was recorded at 13,131 ETH on Monday. There has been aclear decline in the numbers of blocks that are produced on Ethereum perday. Currently, it is at 4,500 blocksper day. The difficulty bomb will befurther delayed with Constantinople.

Schoedon stated “The bomb is anannoyance that no longer serves a purpose.”

He further stated, “I personallydon’t want to deal with the difficulty bomb anymore. Serenity is not happeningthis year and not next year. So why bother?”

Eric Conner added, “Early on itwas true. I think the entire community and developer set is clearly focused onethereum 2.0 –PoS, and at this point it’s more a motivator to always revisitupgrades and be forced to do something.”

Marcus Ligi, counter repliedthus: “My fear is that without the difficulty bomb we might end up in asituation where system-wide upgrades gets difficult because people just do notupdate their software as there is no real need to do so.”