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Record $8B open interest on Ethereum futures shows the pros are 'here'

Published 04/13/2021, 06:00 PM
Updated 04/13/2021, 07:40 PM
Record $8B open interest on Ethereum futures shows the pros are 'here'

The price of Ether continues to push higher, and many analysts are calling for $3,000 as a short-term target. All of this "success" takes place in the face of Ether (ETH) being in a bottleneck regarding high fees, network congestion and a tense situation with miners.

With decentralized finance (DeFi) applications taking center stage and the aggregate volumes at exchanges surpassing $4 billion per day, Ether's price has rallied over 200% since the start of the year, marking a new all-time high at $2,300 on April 13.

Ether futures aggregate open interest. Source: Bybt
Ether futures aggregate volume. Source: Coinalyze
Ether perpetual futures 8-hour funding rate. Source: Coinalyze

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Ethereum is difficult to use when it comes to farming, any suggestions?
ether is difficult to use when it comes to farming, any suggestions?
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