The world's second-largest crypto asset has gained ground on Bitcoin in terms of trading volume growth during the first half of this year according to a new report. Ethereum’s trading volume grew faster than Bitcoin’s in the first half of this year according to a new report from leading U.S. crypto exchange Coinbase. The Coinbase Institutional H1 2021 in Review report, released on July 26, acknowledged that the first half of this year has been one of the most active periods on record for crypto, with several new all-time highs in prices, user adoption, and trading activity.
Taking data from twenty exchanges across the globe, the report revealed that the trading volume for Bitcoin reached $2.1 trillion for the period, up 489% from $356 billion over the first half of last year. Ethereum’s total trading volume reached $1.4 trillion, but its growth was much faster, up 1,461% from $92 billion in the first half of 2020. Coinbase remarked that it has been the first sustained period of time ever that Ethereum’s trading pace exceeded Bitcoin’s.
The research also measured total crypto market capitalization, which began the year at $769 billion, peaked at $2.4 trillion in May, and ended the period at $1.4 trillion, registering a net gain of 86% year to date. It noted that the bulk of BTC’s gains came during Q4 2020 and Q1 2021, before the crypto asset’s price declined in Q2 2021. It is currently trading down 38.8% from its April 13 all-time high of $65,899.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | BTC | Bitcoin predictions | 76% | 40 | $68 144.21 | -2.18% | 1.79% | $1 347 686 332 613 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ETH | Ethereum predictions | 88.4% | 21 | $2 432.74 | -3.15% | -1.50% | $292 933 112 862 | ||
3 | USDT | Tether predictions | 94% | 1 | $0.999849 | 0.03% | 0.13% | $120 558 503 347 | ||
4 | BNB | Binance Coin predictions | 90% | 3 | $559.14 | -2.72% | -4.18% | $80 571 389 671 | ||
5 | SOL | Solana predictions | 70.8% | 65 | $161.74 | -3.59% | -5.66% | $76 152 698 387 | ||
6 | USDC | USD Coin predictions | 94.4% | 1 | $1.000206 | 0.03% | 0.05% | $34 881 687 500 | ||
7 | XRP | XRP predictions | 92% | 6 | $0.500590 | -2.82% | -2.60% | $28 467 867 628 | ||
8 | DOGE | Dogecoin predictions | 60.4% | 78 | $0.148946 | -8.26% | 7.81% | $21 840 127 813 | ||
9 | TRX | TRON predictions | 90% | 4 | $0.164096 | -2.02% | -1.03% | $14 186 736 232 | ||
10 | TON | Toncoin predictions | 91.2% | 13 | $4.76 | -3.35% | -3.00% | $12 108 039 231 | ||
11 | ADA | Cardano predictions | 89.2% | 7 | $0.338480 | -6.20% | 1.96% | $11 845 120 349 | ||
12 | STETH | Lido stETH predictions | 92.4% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 | ||
13 | WTRX | Wrapped TRON predictions | 92.4% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 | ||
14 | WBTC | Wrapped Bitcoin predictions | 92.4% | 1 | $65 806.83 | 0.78% | -2.68% | $10 083 957 608 | ||
15 | SHIB | SHIBA INU predictions | 80.4% | 29 | $0.000017 | -5.57% | -0.81% | $9 910 281 096 |
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