Summary
- Ethereum's futures trading volume has reached nearly the same level as Bitcoin.
- The Ethereum-to-Bitcoin futures trading ratio stood at 98%, a significant increase from the previous year.
- Optimism about the Ethereum ecosystem is rising due to growing adoption of Layer 2 scaling solutions and increased on-chain decentralized finance activity.
Recently, interest in Ethereum (ETH), the leading altcoin in the market, is surging. Ethereum has recorded futures trading volumes comparable to those of Bitcoin (BTC).
According to The Block, a specialist crypto media outlet, as of the 1st (KST), the ratio of Ethereum to Bitcoin futures trading volume stood at 98%, which is about a 50 percentage point increase compared to the same period last year.
The Block commented, "Last year, there were concerns that Ethereum had fallen out of favor with investors," but added, "Recently, new optimism is emerging for the Ethereum ecosystem, driven by increased adoption of Layer 2 scaling solutions and rising on-chain decentralized finance activity."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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