**Ethereum Gains Institutional Momentum, Surpasses Bitcoin in Derivatives Trading**
Ethereum (ETH) is making waves in the crypto markets, outpacing Bitcoin (BTC) in derivatives activity as institutional interest grows. ETH now dominates perpetual futures volume, accounting for 45.2% of trading—surpassing BTC’s 38.1%—amid rising demand from sophisticated investors.
### **ETH Outperforms BTC Amid Macro Uncertainty**
Despite broader market jitters, ETH has surged nearly 11% this month, while BTC has seen a more modest 5% gain. Analysts attribute Ethereum’s strength to its expanding role as a bridge between decentralized finance (DeFi) and traditional finance (TradFi), attracting institutional capital.
"Ethereum has overtaken Bitcoin in our perpetual futures market, reflecting growing confidence in ETH’s long-term growth and utility," said Lennix Lai, Chief Commercial Officer at OKX.
### **Web3 Gaming Struggles as Investment Slows**
Meanwhile, Web3 gaming faces headwinds as funding declines, underscoring the need for more engaging gameplay to retain users. The sector must innovate to reignite investor and player interest.
### **Market Snapshot**
As Asia’s trading day begins, ETH is holding steady at **$2,770**, continuing its upward momentum. With institutional adoption accelerating and derivatives activity surging, Ethereum is cementing its position as a key player in crypto’s evolving landscape.