In brief
- Ethereum has gained 17% over the past month while Bitcoin slipped 5.5%.
- ETH ETFs have attracted $1.2 billion in inflows after mid-August outflows.
- Solana advanced 7% over the same period with a sharp rise in DEX trading volumes, though remains under pressure from a sliding DEX trader count.
Ethereum’s ability to draw institutional attention and capital is helping anchor market sentiment, even as the broader crypto market drifts in late-summer trading.
The second-largest crypto is up more than 17% over the past 30 days compared to Bitcoin’s negative return of 5.5%, CoinGecko data shows.
It follows a record setting run earlier this week, where Ethereum climbed to $4,945, its highest ever price, on Sunday.
“Ethereum offers a dynamic growth story,” Xu Han, director of Liquid Fund at HashKey Capital, told Decrypt. He pointed to deflationary tokenomics post-Merge, scalability via Layer-2 adoption, and a yield-bearing staking model.
Go to Source to See Full Article
Author: Akash Girimath
