Ethereum Surpasses Bitcoin in Spot Trading Volumes for First Time in Seven Years

A surprising shift in the cryptocurrency landscape has seen Ethereum surpass Bitcoin in monthly spot trading volume for the first time in seven years. This development marks a significant trend as Ethereum’s volumes surge to $480 billion, exceeding Bitcoin’s $401 billion. The cause of this rise is attributed to increased inflows into Ethereum’s channels, significantly outpacing Bitcoin’s activity.

What Drives Ethereum’s Trading Surge?