TL;DR Uniswap reaches a record $38 billion in monthly trading volume across Ethereum Layer 2 networks, surpassing the previous high by $4 billion. The surge in trading volume is led by Arbitrum and Coinbase's L2 Base, with significant contributions from Polygon and Optimism. UNI token soared 43.

TL;DR Ethereum (ETH) has surged past $3,600, marking a 15% increase over the past week and reigniting investor interest. Record-breaking $22 billion in Ether futures open interest highlights growing market activity and institutional participation. Despite the bullish momentum, analysts caution against potential risks, including market volatility and possible price drops below $3,000.

Bitcoin remaining range-bound below $100,000 could be a net positive for Ether's price and invite more investment into the world's second-largest cryptocurrency.

Ethereum posted a 10.66% gain in 24 hours, reaching $3,647 with $47.87 billion in trading volume, while triggering $56.5 million in liquidations primarily affecting short positions.

This week remains one of the most volatile for digital currencies, with Ethereum (ETH) prominently featured. Over the past 24 hours, the digital currency soared as high as $3,687, marking a five-month high.

Ethereum (ETH) has rallied past the $3,600 resistance for the first time in about five months, but technical indicators suggest a cautious approach for the second-ranked digital asset by market cap.

A top crypto trader is extremely bullish on one Ethereum (ETH) rival. The pseudonymous analyst known as Bluntz tells his 300,000 followers on the social media platform X that “there's a god candle loading” for the layer-1 blockchain project Near Protocol (NEAR).

Layer 2s could be “cannibalistic” for Ether's price potential, despite their scalability benefits, according to industry watchers.

Tornado Cash, a cryptocurrency mixing service that was sanctioned by the U.S. Treasury Department in August 2022, has recently seen a reversal in its legal fate.

Solana (SOL) price has shown remarkable growth in the cryptocurrency market, emerging as a top-performing Layer 1 blockchain. Since early 2024, SOL has gained significant momentum, consistently breaking key resistance levels amid a broader crypto rally.

Ethereum's recent 15% weekly surge and record-breaking $22 billion futures open interest have fueled market excitement, raising hopes for a broader altcoin rally.

Solana's price has recovered 8% from recent lows while showing strong network growth across multiple metrics, including TVL, developer activity, and futures market premiums.

Solana's (SOL) effort to reclaim its all-time high has faced strong resistance. This struggle has also allowed Solana bears to drive the price lower as it continues to hover around $238.

Uniswap achieved a record $38 billion in monthly trading volume across Ethereum Layer 2 networks in November, with Arbitrum leading at $19.5 billion, while the protocol's UNI token rose 42% and generated $90 million in fees.

In the last few weeks, the value of Solana (SOL) has reached new milestones, attracting the attention of investors and analysts.

In the daily chart, the Ethereum price action showcases a record-high trendline, gaining momentum. With a massive bullish engulfing candle formed last night, the Ethereum price soared 10%.

Greater institutional interest in ETH helped the altcoin catch up to BTC.

Uniswap has shattered its monthly volume record on Ethereum layer-2 networks, signaling a resurgence of interest in DeFi. The post Uniswap Hits $38B Monthly Volume on Ethereum Layer 2s, Setting New Record appeared first on Cryptonews.

Ethereum prices have hit their highest levels for almost six months as institutions drive momentum.

The cryptocurrency market today continues on an upward trajectory, reflecting strong bullish sentiment. Bitcoin (BTC) price surged past $96,000 in the past 24 hours.

While privacy coins as a category have since tapered off, decentralized finance's market cap has jumped 8.2% on the day.

Ethereum price remained supported above the $3,250 zone. ETH started a fresh surge and cleared the $3,550 resistance zone.

Ethereum gained slightly after a minor sell-off, peaking at $3,446 and is currently trading at around $3,306. Significant Net Outflows from Spot Exchanges Recent data shows that Ethereum (ETH) had significant net outflows from spot exchanges, with about 130,000 ETH, worth around $435 million, leaving over the weekend.

As bitcoin enjoyed a bit of a lift on Wednesday, ether (ETH) stole the spotlight by jumping more than 10% in just 24 hours. The second-largest cryptocurrency now claims over 13% of the $3.33 trillion total market cap. Ether's $47B Volume Surge Sparks Wild Speculation—$7,500 Next? Bitcoin (BTC) gained 4.4% against the U.S.

Ethereum (ETH), the world's second-largest cryptocurrency, is at a critical juncture as it hovers near a key resistance level. After gaining 46.11% in recent weeks, ETH remains under scrutiny due to a mix of bullish accumulation by whales and rising short interest.

Traders crave for the allure of higher risk & potential higher gains, choosing DeFi wallets instead of major exchanges.

For Bitcoin, after its recent decline, a recovery may be imminent, despite the gloom around the asset. Following its peak of almost $100,000, Bitcoin underwent a correction, falling to the support level of $90,000.

A cryptocurrency trader has managed to turn just $160 into a $6.14 million fortune after securing a 38,399x return on a meme-inspired cryptocurrency on the Solana blockchain, having invested less than 1 SOL into it. According to data from on-chain analytics firm Lookonchain, the cryptocurrency trader spent 0.75 SOL to buy 12.

Vitalik Buterin donates 320 ETH tokens worth $1.07 million after selling memecoins worth $81.8k.

Recently, Ethereum (ETH) showed signs of falling below $3,000 but held firm as bulls defended the altcoin.

Ether futures open interest reached a record $22 billion, marking a 23% growth from Oct. 27 to Nov. 27.

Solana's onchain and derivatives data suggest that SOL could make a run back toward its all-time high in the short term.

Bitcoin, Ethereum, and even Dogecoin are experiencing a surge in prices ahead of Thanksgiving after dipping at the start of the week.

The price of Solana (SOL) is falling after reaching a historic high of $260 on November 22. Today, the altcoin has fallen above the 21-day SMA.

Cryptocurrency markets are trading higher on Wednesday, with Bitcoin surging back above the $96,000 mark. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $96,719.50 +5.3% Ethereum (CRYPTO: ETH) $3,599.43 +8.8% Solana (CRYPTO: SOL) $239.41 +4.5% Dogecoin (CRYPTO: DOGE) $0.4042 +6.6% Shiba Inu (CRYPTO: SHIB) $0.00002545 +5.7% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 7.4% and daily active addresses falling by 15%.

Ethereum (ETH), the world's second-largest cryptocurrency by market cap has breached a crucial level and currently is gaining significant attention from investors as well as traders. As of today on November 28, 2024, ETH's breakout from a strong resistance level indicates that it is poised for a notable upside rally.

Starknet has officially launched Phase 1 of its staking initiative on the mainnet, marking a milestone in its journey toward full decentralization as the first major Ethereum Layer 2 rollup to implement a staking mechanism directly on L2.

Bitcoin's strong recovery shows aggressive buying on every minor dip, but the bulls may struggle to overcome the $100,000 resistance.

Data from analytics firm CoinGecko shows that Layer-1 native tokens grew by 7,000% in 2024. While major projects like Bitcoin and Ethereum recorded significant gains, other tokens saw notable growth in niche markets.

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Ethereum futures hit new records, possibly signalling a fresh bull run in ETH.

Solana Price, a Layer 1 blockchain network, has experienced significant growth this month, emerging as a standout performer since the Trump-fueled market rally. SOL has showcased a strong upward momentum, gaining traction alongside a broader crypto market surge.

Solana (SOL) has emerged as a standout performer in the crypto market, surging 4.48% to $240.16. The rally, supported by record-breaking memecoin activity within its ecosystem, cemented Solana's position as a blockchain powerhouse.

Vitalik Buterin donated 30 ETH, worth just over $1 million, to Coin Center on Tuesday night. The donation came hours after a Coinbase-backed suit challenging U.S. sanctions against Tornado Cash won an appeals court victory.

Ethereum is up, returning to near $3,500 while bitcoin is still recovering from a Black Friday correction with the ratio gaining recently.

Crypto market sentiment has shifted to altcoins, highlighted by a 13% jump in the ETH/BTC ratio, analysts said.

Solana (SOL) has made waves in the cryptocurrency market, recently closing above the $250 resistance level for the first time. This historic move has ignited discussions among analysts, raising the question: Can SOL breach its all-time high of $260 and continue its rally toward $300 or even higher?

Despite the recent Bitcoin crash, Ethereum (ETH) price trades today at as of . Surprisingly, ETH performance during the recent crash is much better than most altcoins, but this sell signal could cause issues and potentially trigger a crash for ETH.