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DeFi fee generation accelerates as Ethereum sentiment improves
DeFi fees hit $600 million in September as Ethereum demand improved amid ETF-linked optimism and higher institutional participation.
Decentralised finance platforms generated nearly $600 million in fees during September, driven by activity on Uniswap and Aave. Ethereum sentiment strengthened following ETF related developments, with some analysts projecting price targets near $4,700. On chain data showed increased staking activity, including institutional participation via regulated vehicles, supporting medium term network demand trends.