Ethereum has surpassed Bitcoin in spot trading volume for the first time in seven years, marking a significant event in the crypto market. In August 2025, Ether's trading volume reached $346.14 billion, highlighting the growing interest in this cryptocurrency.
Ethereum Achieves Trading Volume Milestone
In August 2025, Ethereum's spot trading volume reached a record $346.14 billion. This is the highest level in a year, following significant increases in trading volumes in June and July. Market analyst TedPillows revealed this milestone on social media, stating, "$ETH on-chain volume hit $346,140,000,000 last month. Ethereum mass adoption is just getting started."
Bitcoin Shows Signs of Recovery
While Ethereum dominated trading in August, Bitcoin showed signs of strength at the start of September. Blockchain.com data revealed a drop in trading volumes from $450 million to $150 million from August 30 through September 1, while Bitcoin’s price remained steady just below $109,000. However, things picked up again on September 2, with trading volume rebounding to $450 million and Bitcoin's price surpassing $111,000.
Institutional Demand for Ethereum
The trading boom for Ethereum can largely be attributed to positive market news surrounding ETH. Major corporations are accumulating ETH through their digital asset treasury programs, and U.S. spot ETH ETFs are attracting a lot of investors. Last month, companies like BitMine Immersion and SharpLink Gaming disclosed multi-billion-dollar ether purchases, pushing public company ETH treasuries to new highs. Paul Howard, senior director at crypto market maker Wincent, noted that this shift could accelerate, adding that "it would be worth keeping eyes on the Bitcoin whale wallets that have been switching to ETH this quarter."
Ethereum's trading surge signals a changing landscape in the crypto market. Rising institutional demand could drive ETH to greater dominance as 2025 progresses.
