According to Gate News bot, as reported by The Block on July 1, the ETH/BTC futures trading volume ratio has surged to 98%, almost reaching an all-time high, far exceeding the 42% low in October 2024. This data indicates that investor confidence in the Ethereum ecosystem is recovering.
The recent revival of confidence is mainly attributed to three factors: the widespread adoption of Layer 2 scaling solutions, the growth of decentralized finance (DeFi) activities on-chain, and the strategic push from the Ethereum Foundation. This trend reflects the market's positive expectations for the future development of Ethereum.
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GateUser-de132ec3
· 07-01 01:02
hopefully eth aka will reach the price of $3600 soon
Ethereum futures volume surges, nearly catching up to Bitcoin.
According to Gate News bot, as reported by The Block on July 1, the ETH/BTC futures trading volume ratio has surged to 98%, almost reaching an all-time high, far exceeding the 42% low in October 2024. This data indicates that investor confidence in the Ethereum ecosystem is recovering. The recent revival of confidence is mainly attributed to three factors: the widespread adoption of Layer 2 scaling solutions, the growth of decentralized finance (DeFi) activities on-chain, and the strategic push from the Ethereum Foundation. This trend reflects the market's positive expectations for the future development of Ethereum.