• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Cryptos

Investors are buying Ethereum at record high

Olumide Adesina by Olumide Adesina
February 18, 2021
in Cryptos
Ethereum
Share on FacebookShare on TwitterShare on Linkedin

The buying interest on the world’s second most valuable crypto, Ethereum, has been on a record high for many months amid an increased buying pressure from institutional investors and big capital.

Still, as the attention of the financial media got fixed on Bitcoin, recent trends show that Ether (ETH) is getting very attractive; they also reveal why this cryptocurrency should become the “first cryptocurrency” for every investor.

Institutional demand: One week after Ethereum futures launched on CME, daily trading volume reached a total of $75.8 million yesterday – almost doubling Friday’s volume of $40 million.

RelatedStories

Bitcoin, Silver

Bitcoin holds at $94K as market sentiment remains bullish 

April 25, 2025
Bitcoin whales takes full advantage of price dip, acquires 71,000 BTC in one week 

Bitcoin dips below $75k amid trade war turmoil 

April 7, 2025

Meanwhile, open interest has increased to $62 million.

READ: Crypto market post all-time high, breaks past $1.15 trillion

Institutional demand: One week after #Ethereum futures launched on CME, daily trading volume reached a total of $75.8M yesterday – almost doubling Friday's volume of $40M.

Meanwhile, open interest has increased to $62 million.

Chart 👉 https://t.co/Z8KDbU2Gez pic.twitter.com/3pawCRnxjR

— glassnode (@glassnode) February 17, 2021

Metric description: The total volume (USD Value) traded in futures contracts for the day.

At the time of drafting this report, Ethereum traded at $1,892.82 with a daily trading volume of about $40 billion. Ethereum is up 6.52% for the day. It’s presently the second most valuable crypto with a market value of $217 billion.

Also, recent data from Defi suggests that a lot of activity is ongoing on the Ethereum network, as Ethereum-based crypto market value has risen to over $83.7 billion from $1.9 billion a year ago, according to data from Coingecko.

READ: Ethereum miners on steroids, earn $500,000 in just one hour

Several Defi crypto assets have had their share of the spotlight in recent times, with cryptos such as Chainlink, Compound, YAM, UniSwap, Cream finance, and Melon gaining investors’ capital inflows.

DeFi crypto owners, in some cases, can typically receive better interest rates than they would from traditional banks, on the basis that lower operating costs are enabled when operating on an automated decentralized network.

That being said, Ethereum Miner Revenue is at an all-time high, as mining on the Ethereum network becomes very profitable.

READ: The presence of institutional investors will help Africa’s crypto market mature – Luno

📈 Ethereum Miner Revenue at an ATH. pic.twitter.com/DwVUOZkbvj

— Documenting Ethereum 🦇🔊 (@DocumentEther) February 15, 2021


Follow us for Breaking News and Market Intelligence.
Tags: ChainlinkCompoundEtherEthereumUniswapYAM
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market writer, analyst and investment trader. Message Olumide on Twitter @Olumidecapital

Related Posts

Bitcoin, Silver
Cryptos

Bitcoin holds at $94K as market sentiment remains bullish 

April 25, 2025
Bitcoin whales takes full advantage of price dip, acquires 71,000 BTC in one week 
Cryptos

Bitcoin dips below $75k amid trade war turmoil 

April 7, 2025
Trump vows to impose 25% tariffs on autos, pharmaceuticals, others 
Cryptos

President Trump turns Bitcoin green like Nigerian Flag 

March 3, 2025
Crypto trading volume declined by 21.8% in June marking third month of decline
Cryptos

Crypto Weekly Roundup: Global market sheds $200 billion amid security breach 

February 23, 2025
Crypto trading volume declined by 21.8% in June marking third month of decline
Cryptos

Crypto market dips as trading volume drops by 2.83% to $61.3 billion 

February 17, 2025
Bitcoin,Ethereum, Dogecoin , Altcoin
Cryptos

Bitcoin and Ethereum options worth over $3 billion set to expire today

February 7, 2025
Next Post
SEC proposes rules regulating Blockchain and Crypto investments, About 33% of Pension Funds, hedge Funds now own digital assets such as Bitcoin

World's biggest digital asset manager, Grayscale manages cryptos worth $40 billion

Leave a Reply Cancel reply

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

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • FG terminates Levant Construction Ltd’s contract on Benin–Sapele–Warri Road project 
  • FG inaugurates expanded committee to propose building oversight law and address collapse crisis 
  • NITDA signs agreement with Japanese consortium to build Abuja startup hub  

Follow us on social media:

Recent News

FG terminates Levant Construction Ltd’s contract on Benin–Sapele–Warri Road project 

FG terminates Levant Construction Ltd’s contract on Benin–Sapele–Warri Road project 

June 19, 2025
FG inaugurates expanded committee to propose building oversight law and address collapse crisis 

FG inaugurates expanded committee to propose building oversight law and address collapse crisis 

June 19, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics