According to Coingecko data, Ethereum is the second most popular cryptocurrency with a market valuation of $ 197 billion. As a result, the Ethereum network became popular with DeFi, as the largest protocols were constructed on top of it. This piqued the interest of digital payments giant Visa, which recently announced its support for Ethereum as a payment settlement method.
The move could set up another rally for Ethereum (ETH) which, at the time of writing, is up nearly 30% in the monthly time frame, based on data today, January 7th.