Ethereum leads with $90.82B in perpetuals trading volume.
Bitcoin slips to second place with $82.93B.
ETH now dominates crypto futures market activity.
In a surprising shift, Ethereum has now overtaken Bitcoin in global perpetual futures trading volume. According to recent data, Ethereum recorded $90.82 billion in perpetuals volume, while Bitcoin trailed behind at $82.93 billion. This signals a growing investor interest in Ethereum-based derivatives, and possibly a larger shift in market dynamics.
What’s Fueling Ethereum’s Futures Dominance?
Several factors may be contributing to Ethereum’s rise in perpetuals volume. First, the growing popularity of ETH-based DeFi projects and liquid staking platforms has boosted the asset’s trading interest. With more developers and users interacting with the Ethereum ecosystem, traders are finding more reasons to speculate on its short-term price movements through futures.
Additionally, Ethereum’s transition to Proof-of-Stake and its recent network upgrades have added to its narrative strength. These changes are seen as bullish by many traders, further encouraging futures trading activity.
ETH has overtaken BTC in global perpetuals volume, leading with $90.82B.
Bitcoin follows at $82.93B.
Ethereum is now driving more futures activity than Bitcoin. pic.twitter.com/jwWRGFja43
— Satoshi Club (@esatoshiclub) July 17, 2025
Bitcoin Still Holds Long-Term Value
Despite being surpassed in perpetuals volume, Bitcoin still retains its reputation as the primary store of value in the crypto space. Futures activity does not necessarily reflect overall strength or dominance—it simply shows where traders are seeing more short-term price movement opportunities.
However, this shift does reflect a maturing market where altcoins like Ethereum are becoming equally significant, if not more so, in certain trading segments.
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