Ethereum Derivatives Trading Volume Reaches $114 Billion, Surpassing Bitcoin

In a significant development, Ethereum has surpassed Bitcoin in another key metric, achieving a 24-hour derivatives trading volume of $114 billion. This figure is significantly higher than Bitcoin’s $80 billion recorded on June 11th. This shift comes amidst Ethereum’s recent successes: surpassing Bitcoin in spot ETF inflows and breaking new highs in ETH prices that have surged over 54% since May 7th. 24-hour Ethereum perpetual trading volume reached $114.74 billion, with total open interest (OI) reaching a record high of $41.67 billion, reflecting strong speculative activity around Ethereum’s upward trajectory. Coinglass reports this data.