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Ethereum Derivatives Top Bitcoin with $107B Volume Amid ETF Inflows
- Ethereum derivatives reach $107B in trading volume, surpassing Bitcoin, driven by ETF inflows and DeFi resurgence.
- Spot ETH ETFs witness 16 consecutive days of net inflows, indicating rising institutional confidence.
- Regulatory support and protocol upgrades contribute to Ethereum's strong long-term bullish outlook.
- In the last 24 hours, Ethereum derivatives trading volume exceeds $107 billion, a 25% daily surge, reflecting institutional interest.
- Bitcoin derivatives volume during the same period stands at $78 billion, while Ethereum's price rises over 3.50% to reach $2,775.
- Sustained inflows into U.S.-based spot ETH ETFs accumulate over $890 million amidst the rally.
- Analysts suggest staking-enabled ETH ETFs could drive significant growth if approved this year.
- Ethereum's leading role in DeFi and NFTs fuels market activities with DeFi TVL at $118.8 billion, up from $89.97 billion in April.
- OpenSea reports highest monthly active user count since 2023, enhancing Ethereum's usage and on-chain volume.
- Regulatory support from SEC officials regarding self-custody rights enhances Ethereum's credibility in DeFi applications.
- Ethereum's recent Pectra upgrade improves scalability and reduces gas fees, boosting confidence in the network.
- Analysts project bullish momentum for Ethereum with possible price ranges of $5,500 to $6,700 by year-end, and $10,000 to $20,000 by the end of the decade.
- However, regulatory delays related to ETF decisions could introduce volatility, according to Kronos Research Analyst.
- MEXC lists Mosaic Alpha's Kodexa Utility Token among highlighted crypto news today.
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