Ethereum Just Reached Its Highest Daily Volume in Over a YearBy Andy Hao
Today, the amount of Ether (ETH) traded in the last 24 hours surpassed the amount traded at any point during the last year. As the currency’s price gradually climbed over the last week, it appears that the amount of people trading the cryptocurrency did as well.
According to CoinMarketCap, the amount of Ether traded in the last day reached a level that has not been met since February of last year.
As of February 19, 2019 (17:24 UTC), CoinMarketCap lists Ethereum’s daily volume at over $5.3 billion USD. One month ago, when Ether was valued at around $122 USD a coin, the currency’s 24-hour volume was valued in the ballpark of $2.3 billion USD.
Looking at the site’s rankings of the cryptocurrencies with the largest volume in the last day paints a favorable picture of Ether as well. It is losing only to Bitcoin, which accounted for over 29% of the market’s 24-hour volume, and Tether, which accounted for over 27.7%.
Overall, Ether accounted for 15.54% of the market’s total, which currently makes it the third-ranked cryptocurrency by daily volume.