• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Bitneni

  • News
  • Bitcoin
  • Ethereum
  • XRP (Ripple)

Ethereum Community Celebrates Progress as Ethereum Futures Volume Surge Thanks to Upcoming Upgrade 

Ronald Henderson/September 16, 2022News

FacebookTwitterReddit

The entire Ethereum community has been on high alert since the date of the upcoming Ethereum 2.0 upgrade was finalized. After years of planning and upgrading, Ethereum is finally near the finish line and will become a 100% proof-of-stake platform next week. Amid the release of the upgrade, Ethereum Futures has experienced a massive surge, surpassing Bitcoin Futures.

Ethereum Futures Surpasses Bitcoin Futures in Volume

Earlier today, ETC Group released a graph of the Ethereum Futures and Bitcoin Futures volumes. The graph showed the progression of volume over the last few months from March to August. The graph revealed that Ethereum Futures is taking the lead for the second time ever.

Traditionally, Bitcoin Futures overtakes Ethereum Futures in a ratio that ranges from 2:1 to 5:1. The recent surge in volume shows that the liquidity of the ETH token has increased significantly over the last few months. This is due to the rising interest in the Ethereum network and the ETH token.

Apart from the rise in Ethereum Future volume, there was also a 40.3% rise in transaction data count between August 31 and September 4th. Whether or not the rise will continue after the upcoming upgrade is unknown.

As Futures volume and transaction data rise, the price of Ethereum has also maintained a bullish outlook compared to Bitcoin over the last few months. While both cryptocurrencies have maintained similar trends, ETH appears to have more upward volatility than BTC.

At the time of writing, the price of Ethereum ETH was $1,719.12. This means it is up by 5% over the last 24 hours. The cryptocurrency was trading in the $1,630.58 to $1,735.81 range. If the uptrend continues, ETH may rise above the $2000 level soon.

Tags:Ethereum

FacebookTwitterReddit
Henderson

Ronald Henderson

Ronald has worked in the computer industry for 5 years when he decided to stand on his own and start his own firm, and he's never looked back. A real hard-worker and go-getter, he is a powerful leader and has made quite a name for himself in the industry. Born and raised in Pennsylvania, he still resides there with his wife and two kids, Mark and Gene. He believes that simplicity is the key to everything in life, including writing, and loves to make his content engaging and easy to understand for all audiences - even those who aren’t necessarily from a technical background.

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Bitcoin

Bitcoin’s Latest Price Deep is the Worst Since March 23: Is the Bull Rally Over?

Bitcoin Resumes Deep Dive, Falls Below Critical Support Levels in Extended Bear Run 

Crypto Miners Turning To Waste Natural Gas For Energy Needs

Footer

Every Bit of Internet!

  • About Us
  • Contact Us
  • Privacy Policy
  • Disclaimer
  • Terms and Conditions

Copyright © 2025

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT