Recently, Ethereum has demonstrated growth in its market share, which is related to a sharp decline in trading volumes of altcoins.
Reasons for Ethereum's Market Share Growth
According to CryptoQuant analysis, the increase in Ethereum's market share on the Binance platform is not due to a rise in its own trading, but rather a sharp decline in the trading volumes of other assets. ETH's trading volumes remained relatively stable, fluctuating between 300 trillion and 490 trillion from January 2023 to May 2025.
From November 2024 to May 2025, altcoin trading fell from a peak of 1.57 quadrillion to just 387 trillion. The decline in altcoin activity has resulted in Ethereum's market share increasing by default.
Current Situation of Ethereum Market
At the moment, Ethereum is traded at $2,257 after falling over 10% amid a wider market downturn linked to rising tensions in the Middle East. Despite this, whale activity has increased, showing a 'buy-the-dip' trend. For instance, on June 22, a transaction was flagged where a single wallet purchased 9,400 ETH worth $39 million, increasing its holdings to $333 million.
Ethereum's network has also seen a strong rebound in activity, with over 500,000 ETH added in June alone, and more than 35 million ETH now staked.
Future Outlook for Ethereum and Crypto Market
Continued demand in decentralized finance and non-fungible token sectors has driven monthly transactions to a new high of 24.69 million. Additionally, over 4.57 million ETH have been taken out of circulation due to EIP-1559 fee burns.
Furthermore, Ethereum-based exchange-traded funds have seen steady inflows, with BlackRock accounting for the majority of the $849 million entering ETH ETFs over the last month. If macroeconomic and regulatory conditions stabilize, some analysts predict a potential breakout to $2,800 in the near future.
Thus, Ethereum continues to strengthen its position in the crypto market despite declining trading volumes of altcoins. The asset’s future appears promising, given the growing interest from investors.
