Ethereum's futures trading volume has finally overtaken bitcoin's for the first time in about a year. On July 24, Ethereum's future volume reached $29 billion, and Bitcoin's (BTC) level hit $23 billion. The futures trading volume of Ethereum has increased as we approach the Merge with mainnet. The expected improvement to the network has led traders and investors to anticipate major changes.
As of July 28, the combined trading volume for Ethereum's futures is higher than that of Bitcoin. ETH futures trading volume continues to be higher than bitcoin's, with the former at $11 billion and the latter at $10 billion. It is often the case that bitcoin futures trading volume would be considerably higher than any other assets — and predictably so, as BTC remains the most popular crypto asset.
The past 12 months have been exceptional for ETH; unfortunately, the price may not reflect this. The asset has been generating much interest from many people, and there are many developments for the project.
Bitcoin's open interest is higher than Ethereum, but it may not last long. The future of Ethereum looks very bright, and investors in this currency have plenty to smile about.
Ethereum is looking to make even more of a dent in the market. The network's co-founder, Vitalik Buterin, has spoken about Ethereum's future, and it looks optimistic so far as he speaks with great confidence for this new generation.