In short
- Ethereum has won 17% in the past month, while Bitcoin fell 5.5%.
- After the outskirts of mid -August, ETFs attracted $ 1.2 billion.
- Solana accelerated 7% in the same period with a strong rise in DEX trade volumes, although remains under pressure from a sliding DEX traders.
The ability of Ethereum to attract institutional attention and capital helps to anchor the sentiment of the market, even if the broader crypto-market abnormalities in late summer trade.
The second largest crypto has risen by more than 17% in the last 30 days compared to the negative return of Bitcoin of 5.5%, Coingecko data shows.
It follows a record environment that runs earlier this week, where Ethereum climbed to $ 4,945 on Sunday, the highest price ever.
“Ethereum offers a dynamic growth story,” Xu Han, director of Liquid Fund at Hashkey Capital, told Decodeer. He pointed to deflatoire tokenomics after the Merge, scalability via Layer-2 acceptance and a yield-wearing expansion model.
At the last point, the amount of Ethereum that was used for setting up activities this year continued to rise and reach a record 35,750 ETH or approximately $ 169 million on 2 August, according to data analysis platform Beaconchain.
Although that figure has effectively pleaded in recent weeks, structural benefits, in combination with its role as the fundamental layer for Defi and tokenization, attract institutional inflow into Ethereum-Exchange Funds, Han said.
From August there are no US Ethereum strike ETFs approved by the Securities and Exchange Commission, although some, including digital asset manager Black rockHis hopeful that soon could change.
Nevertheless, the attention remains on the spot -based products, where Ethereum ETFs have organized a comeback after the weathering of the weathering of a total of $ 237.7 million from 15 to 20 August.
From this week, ETFs have collected more than $ 1.2 billion in the inflow according to data from Sosovalue.
Elsewhere on the market, Solana started to surpass his colleagues with a 7% profit that has been noticed since mid-August, coinciding with an increase of 31% in the DEX volume of Solana to $ 5.10 billion in the past week, per Defillama.
Although it is confronted with his own problems with retail traders on decentralized exchanges that have been turned away from speculative mint trade, which leads to a crunch in the daily Dex Traders count.
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