Ethereum Experiences Massive Surge in Q3, Outpacing Bitcoin

Ethereum has achieved a historic milestone this quarter, surging over 80% according to CoinGlass data. This marks its third-best performance in history and surpasses even Bitcoin’s modest 10% gains. Experts attribute this surge to the growing DeFi ecosystem and increased institutional interest. However, analysts caution that while Ethereum’s impressive growth echoes past “DeFi Summer” trends, it faces a different market landscape today compared to the early days of ICOs.