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Ether outperforms Bitcoin in May; ETH derivatives volume surpasses BTC on OKX
- Ether (ETH) outperformed Bitcoin (BTC) in May, with a nearly 11% rise compared to BTC's 5% increase.
- ETH's trading volume on OKX's perpetual futures market surpassed BTC, accounting for 45.2% versus BTC's 38.1%.
- Institutions continue to show interest in Ethereum, betting on its growth potential in DeFi and TradFi.
- The stablecoin market is booming, reaching a record market capitalization of $228 billion, with Tron leading in stablecoin inflows.
- Tron has attracted over $6 billion in net stablecoin inflows in May, becoming a liquidity magnet.
- Stablecoin reserves on centralized exchanges, particularly USDC, have increased, supporting crypto trading liquidity.
- Ethereum and Solana experienced stablecoin outflows, while Tron and other Layer 1 solutions attracted capital.
- Institutional and retail investors are showing a preference for faster-executing chains with evolving ecosystems and incentive programs.
- Despite market volatility, institutional interest in both Ethereum and Bitcoin remains strong.
- OKX's derivatives market activity indicates a growing institutional appetite for Ethereum.
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