Futures trading volume for Ethereum and altcoins surged to $223.6 billion on July 31, reaching its highest level since February 2024 and signaling renewed market engagement.
The volume represents a 15% increase over the previous peak in February 2024, highlighting improved liquidity and price discovery mechanisms across cryptocurrency markets. The significant uptick reflects heightened participation from both individual traders and institutional investors.
While the surge indicates maturing cryptocurrency derivatives markets, analysts caution that increased leverage in futures trading may amplify volatility risks despite its positive implications for market efficiency and depth.