CME Ethereum futures trading volume hits record high, increasing by 82% month-over-month

According to news from HashKey, based on data from The Block, the trading volume of CME Ethereum futures reached a new high in July, totaling $118 billion, which is an increase of 82% month-over-month. The open interest surged from $2.97 billion in June to $5.21 billion, an increase of 75%. Additionally, the total global trading volume of Ethereum futures reached $2.12 trillion in July, a year-on-year increase of 38%, surpassing the historical peak of $1.87 trillion in May 2021. The price of Ethereum broke through $4,300 on August 9, the highest level since December 2021, while Google search volume also reached a new high since June 2022.