The ETH/BTC futures volume ratio has surged to 98%, nearly reaching parity with Bitcoin — a sharp reversal from the bearish sentiment that surrounded Ethereum in 2024. Previously, the ratio dropped to 42% amid concerns over high gas fees, Layer-1 competition, and uncertainty around ETF approval. The rebound is fueled by growing Layer-2 adoption, increased DeFi activity, and renewed market optimism. While Solana and XRP ETFs are on the horizon, Ethereum maintains a competitive edge thanks to its robust infrastructure and large developer ecosystem.

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