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Etheruem (ETH) has stormed the crypto market clearly hitting new all-time highs every single day. The ETH price touched an all-time high of $3194 earlier today toppling some of the top financial institutions like PayPal and Bank of America.
The ETH performance over the last month has been nothing short of pathbreaking. In fact, it has clearly dominated the market overwhelming Bitcoin (BTC) entirely. Currently, the ETH domination in the overall crypto space has crossed 16% while that of Bitcoin has dropped under 47%.
Also, if we see the monthly chart, BTC returns stand at negative 1% while that of Ethereum (ETH) stands at a massive 50% over the last month. Similarly, while BTC’s year-to-date returns stand at around 100%, ETH has overwhelmed by 3x with around 300% returns. Below is the one-month chart showing the rising ETH domination.
Courtesy: CoinMarketCap
Key Metrics Where ETH Leads Over BTC
Bitcoin (BTC) and Ethereum (ETH) both registered a strong surge in adjusted on-chain volumes. The combined adjusted volumes touched an all-time high of $792.5 billion. While Etherem’s adjusted volume jumped 63% that of Bitcoin’s surged 22%.
1/8 Crunching numbers for the monthly metrics overview. Below are some highlights:
Total adjusted on-chain volume increased by 37.3% to a new all-time high of $792.5bn in April: pic.twitter.com/DCmIQqDoRP
— Lars (@lars0x) May 1, 2021
On the other hand, the BTC miner revenue decreased 2.5% to $1.7 billion in April while the ETH miner revenue jumped to an all-time high of $1.65 in the same month.
Also, in April, the BTC futures volume dropped 11.9% to $1.9 trillion. On the other hand, the ETH futures volume broke out and increased a massive 65% to an all-time high of 4873 billion.
7/8 On the flipside, ETH futures volume broke out and increased by 64.1% to a new all-time high of $873bn in April: pic.twitter.com/1we4HqY67h
— Lars (@lars0x) May 1, 2021
On the other hand, as BTC options volume inched higher, the ETH options volumes surged over 100% to $8.28 billion in April. Today’s Ethereum all-time high has also made co-founder Vitalik Buterin the youngest crypto billionaire in the world.
Related Posts
Ethereum is on the verge to hit its next major milestone of $10K per ETH coin. Many analysts predict that this can happen as soon as by the year-end. We at CoinGape explained 10 fundamental reasons as to why ETH price can hit the $10K mark in the next eight months.
The post BTC vs ETH, How the World’s Second-Largest Crypto Overwhelmed BTC Performance In April appeared first on Coingape.
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