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Ethereum breaks the absolute record of spot trading per day

February 5, 2025 · 6:23 pm 2 min read

Ethereum ETH $2,482.23 Ethereum 0.80% Market capitalization $302.89 billion VOL. 24 hours $0.49 billion has set a record daily spot trading volume of $ 38 billion. According to crypto industry analysts, the situation reflects the growing interest of investors.

At the same time, Bitcoin BTC $79,677.43 Bitcoin -0.24% Market capitalization $1.6 trillion VOL. 24 hours $0.81 billion recorded the third largest volume of $ 49 billion, according to David Lavante, head of research at FalconX. This surge in activity coincided with the volatility of the Ethereum exchange rate, which first dropped to $ 2,152 and then recovered to $ 2,919.

Eric Trump, the son of the current US president, openly expressed his optimism about Ethereum’s prospects on social media: «In my opinion, now is a great time to buy ETH. Thank me later». His statement coincided with major transactions by leading altcoin company World Liberty Finance on Coinbase.

Despite the record-breaking Ethereum trading volume, Bitcoin’s activity remained within the usual range, indicating stable demand rather than a new breakthrough. This underscores the growing role of Ethereum in the market as an asset for speculative activity during periods of high volatility. In November, the volume of Ethereum’s on-chain transactions reached $ 7.1 billion amid the US election and strong inflows of investment into ETFs.

Ethereum’s current record indicates an increase in investor and trader interest, which could have long-term implications for the cryptocurrency market.

BTC

$79,677.43

-0.24%

ETH

$2,482.23

0.80%

BNB

$744.40

-3.25%

XRP

$1.41

-0.76%

SOL

$105.95

2.95%

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