Ethereum demonstrates strong growth, outpacing Bitcoin and leading altcoins. Additionally, Ethena and OKB show triple-digit performance.
Ethereum's Growth Amid Altcoins
Ethereum (ETH) has shown impressive growth of 52% in the last month, nearing a price of approximately $4,700. With an 8% increase over the past 24 hours, ETH appears poised to break above $5,000. Daily trading volume surged by 45%, exceeding $65 billion, indicating robust bullish sentiment.
Rise of Ethena (ENA) and Its Impact
Ethena (ENA) experienced a significant 125% increase in the past month, drawing investor interest. The Ethereum-based synthetic dollar protocol has seen its stablecoin USDe reach a market capitalization of $10 billion within less than a year post-launch. Currently, ENA is trading at $0.80, with daily trading volume rising by 21.3% to over $1.54 billion.
OKB Rally and Upgrade News
OKB, the native token of the OKX exchange, has been in the spotlight with a solid 155% rise over the past month, surpassing $105. The exchange announced a burn of over 65 million OKB tokens, permanently fixing the total supply at 21 million. A major upgrade for X Layer, the zkEVM-based public blockchain, is also planned.
Thus, both Ethereum and certain altcoins like Ethena and OKB have shown significant growth against a backdrop of new institutional inflows and ecosystem upgrades.
