This website uses cookies to ensure you get the best experience on our website

Ethereum’s Trading Volumes Outpaced Bitcoin’s in H1 2021


The total trading volumes for Ethereum grew at 14X to $1.4 trillion in H1 2021 from around $92 billion in the same period last year. Meanwhile, Bitcoin’s increased to $2.1 trillion for a 4.8X expansion within the same period. It is the first time Ethereum's trading volumes posted more than Bitcoin’s.

The expansion of trading volumes, a marker of interest, coincides with their respective gains. Bitcoin prices surged from around $8k to peak at $64k in H1 2021. Analysts pinned this increment on inflation fears due to governments’ money printing in their bid to cushion its citizens against the coronavirus pandemic.

At the same time, Ethereum drew maximum benefits and, therefore, interest from DeFi and NFTs. DeFi now manages over $70 billion of assets, up from roughly $1 billion in early 2020. This directly lifted ETH prices to a new all-time high above $4.2k. The influx of new DeFi users and investors keen on capitalizing rapid price expansion of ETH attracted trading volumes, explaining the platform’s outperforming Bitcoin.

In the last bull cycle, Ethereum also outperformed Bitcoin when it surged from below $200 to blast above $1.4k to new all-time highs.

BTC and ETH are available for trading at CryptoAltum with a leverage of up to 500X.


For more interesting tips and facts visit our Education Centre.


Have Questions? 

We're available 24/7 to help you. You can email us, or send us a message on WhatsApp, Telegram or Messenger!

Risk Disclosure: Trading cryptocurrencies or any other financial instrument involves a significant level of risk and may result in a total loss of your investment. You should consider carefully whether investing in Bitcoin or any other instrument offered by CryptoAltum is appropriate to your financial situation. CryptoAltum only accepts deposits in Cryptocurrencies. By trading with CryptoAltum you acknowledge your understanding of this risk disclosure and your agreement with the Terms and Conditions.
  • Copyright Excel Innovations Ltd (CryptoAltum) 2020