Ethereum derivatives traded more than $110 billion in the past 24 hours, surpassing bitcoin

The volume of Ethereum derivatives has increased by 38% in the past 24 hours, mainly driven by strong inflows into spot Ethereum ETFs and bullish sentiment driven by renewed activity in the DeFi market. According to Coinglass, the volume of Ethereum derivatives in the past day has exceeded the volume of Bitcoin derivatives ($84.72 billion).