Ether (ETH) has ascended by 4%, outpacing the CoinDesk 20 (CD20) index as inflows into Ethereum exchange-traded funds (ETFs) gain momentum. Concurrently, several prominent decentralized exchanges (DEXs) are exhibiting robust growth.
According to data from SoSoValue, the daily net inflow into U.S.-listed spot ether ETFs reached an impressive $4.93 million on Monday. Fidelity’s FETH led with a substantial $3.98 million inflow, while Franklin Templeton’s EZET saw $1 million, and Bitwise’s ETHW reported $2.86 million. Grayscale’s funds, however, recorded no flows.
On the other hand, bitcoin ETFs collectively reported a daily inflow of $27.87 million. However, Grayscale’s GBTC experienced an outflow of $11.7 million, while Bitwise’s BITB saw a more significant outflow of $17 million. Data from CoinDesk reveals that bitcoin (BTC) was trading above $59,200 during East Asia’s business day, marking a 1.25% increase.
Several leading DEX tokens have shown notable gains, contributing to ETH’s outperformance over BTC during Tuesday’s trading session. Market data indicates that Uniswap’s UNI rose by 3.8%, DYDX surged by 5.5%, and Gnosis’s GNO climbed 5.3%.
Data from DeFi Llama highlights that Ethereum’s fees reached $40.46 million for the first half of August. Uniswap’s fees for the same period hit $23.64 million, positioning it to potentially surpass July’s $47.4 million in fees and possibly challenge June’s $54 million total.
As the trading day concluded, one of the most significant gains was observed in Canto, which soared by 41%, according to CoinGecko data. However, despite this surge, the blockchain remains immobilized, with the last transaction recorded 16 hours ago, as shown by Cantoscan, a block explorer. Although the team promised a resolution by Monday, as previously reported by CoinDesk, the issue remains unresolved.