Ethereum continues to lead in capital inflows with outstanding growth this year.
MAIN CONTENT
Capital inflow into Ethereum increased by 2.3 billion USD in the most recent week.
The total accumulated capital into Ethereum has reached 10.5 billion USD since the beginning of the year.
Ethereum has assets under management (AUM) of 38.726 billion USD, outperforming other altcoins.
How is Ethereum attracting such large capital flows?
Ethereum recorded impressive capital inflows of 2.3 billion USD in the recent week, according to James Butterfill, Head of Research at CoinShares. The accumulated capital since the beginning of the year has reached 10.5 billion USD.
This increase shows the strong trust and appeal of Ethereum in the investor community and the cryptocurrency market. Additionally, leading in assets under management (AUM) with 38.726 billion USD further solidifies Ethereum's position as the main digital asset in the industry.
Why does Ethereum far exceed other altcoins in terms of capital flows?
Data from CoinShares shows that besides Ethereum, only XRP and Solana recorded notable capital flows, while other altcoins have not attracted significant new funds. Ethereum, with an AUM of 38.726 billion USD, stands out clearly.
This reflects the application potential and sustainable development of Ethereum, especially as this platform boasts a vast Smart Contract ecosystem, chosen by many DApps and DeFi projects. Its leading position in asset management enhances the reputation and trust of investors in Ethereum.
"Ethereum continues to assert its leading role in the cryptocurrency ecosystem with stable capital flows and strong growth, reflecting the interest and trust of investors in the network and its long-term development potential."
James Butterfill, Head of Research at CoinShares, August 2024.
How are other altcoins positioned regarding investment capital?
Currently, XRP and Solana are the two altcoins receiving the most attention regarding capital flows, while most other altcoins have not seen much fluctuation in new funds. This highlights the market appeal difference between Ethereum and other altcoins.
This disparity may stem from technological factors, community, or practical applications that each altcoin provides. XRP stands out with quick payment solutions, Solana with high processing speeds, while other altcoins are still in development stages or facing value competition.
A comparison table of assets under management (AUM) between Ethereum and several notable altcoins.
Cryptocurrency Assets under management (AUM, billion USD) Notes Ethereum 38.726 Leading the cryptocurrency market XRP Not specifically disclosed Capital flows increasing but lower than Ethereum Solana Not specifically disclosed Attracting selective capital flows
Frequently Asked Questions
How much capital has Ethereum attracted in 2024?
The total capital inflow into Ethereum from the beginning of 2024 until now has reached 10.5 billion USD, according to CoinShares.
Why does Ethereum have the largest assets under management in the market?
Ethereum has a diverse Smart Contract ecosystem and is the main platform for many cryptocurrency projects, attracting large capital.
Which altcoin has outstanding capital flows besides Ethereum?
XRP and Solana are two altcoins with notable capital flows, but still significantly lower than Ethereum.
What is the data on the capital flows of other altcoins?
Many other altcoins have not seen significant capital flow in 2024 according to CoinShares' report.
How does the capital inflow into Ethereum affect the market?
Strong capital flows help Ethereum reinforce its leading position, increase liquidity, and investor confidence in the cryptocurrency market.
Source: https://tintucbitcoin.com/ethereum-dan-dau-dong-von-tuan-nay/
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