Ethereum Surges in Trading Volume, Reaches New Record High

Ethereum’s recent surge in trading volume has set new records, fueled by strong investor interest and the expansion of decentralized finance (DeFi) applications. In July, the Chicago Mercantile Exchange (CME) recorded unprecedented trading volumes of $118 billion for Ethereum futures, a massive 82% increase from June. This remarkable performance is further reflected in CoinGlass data, which shows an impressive 75% surge in open interest, rising from $2.97 billion in June to $5.21 billion in July. This momentum propelled Ethereum’s price past the $4,300 mark over the weekend. 10,000 and beyond. 10,000 and beyond.