On May 23, trading volume on the 21st of Grayscale Ethereum Trust (ETHE) reached $680 million, reaching $687 million, a new high since May 2021. The previous high was $842 million on May 19, 2021.

Data as of May 22:

Matrixport released a statement stating that Ethereum has broken the record for the largest single-day volatility in history due to the approval of the Ethereum spot ETF. On the same day, the EthVol (Ethereum Volatility) Index, launched by financial index company T3 Index and partner options trading platform LedgerX, rose 12.07% on the day to 81.14, close to a one-year high of 86.7.

ETH's previous biggest swings were concentrated in May 2021, when DeFi trading volume was nearing its peak. And the two major swings in 2024 so far have been largely policy-driven and related to SEC and FOMC meetings.

The Ethereum Futures ETF achieved trading volume of $47.75 million, which is 40% higher than the peak of $34.18 million reached on March 5, when Ethereum approached $4,000.

Open interest in Ethereum futures contracts across the entire network continued to reach a record high, reaching $15.6 billion.

The number of small Ethereum wallets holding up to 10 ETH is a record 121