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Over the past 35 days, Ethereum has lost a significant portion of its pre-merger market dominance. On August 14, 2022, the second-largest crypto asset by market capitalization, ethereum, dominated the market by around 19.5%, but three days after the switch to proof-of-stake (PoS) it is down 13% to 16 .8%.

In 35 days, Ethereum market dominance drops 13%

Ethereum’s market valuation has fallen significantly over the past month after hitting $1,996 per unit on August 14, 2022. At that time, the market capitalization of Ethereum was $239.74 billion, and ETHThe market dominance of the $1.225 billion crypto economy was around 19.5%. Bitcoin’s market dominance was around 38.2% back then, and 35 days ago, BTCThe market valuation of was around $470.79 billion.

Reversal forecast merger fails as Ethereum market dominance drops 13% in 30 days
Dominance stats archived at Coingecko.com as of August 14, 2022 and Sunday, September 18, 2022. Stats recorded as of 6:55 p.m. ET.

Whereas BTCMarket dominance has remained roughly the same, with the crypto economy’s net worth of $1.225 trillion in August plunging to $994 billion today. The crypto-economy has lost 2.2% in USD value over the past 24 hours. Ethereum’s market dominance has now fallen to 16.8% after the market cap of the second crypto asset rose from $239 billion to $166.64 billion today.

Reversal forecast merger fails as Ethereum market dominance drops 13% in 30 days
ETH/USD on September 18, 2022. Statistics recorded at 8:58 p.m. (UTC).

ETH suffered significant losses as 24-hour stats show Ether is down 5.8% on Sunday and 22.4% over the past seven days. Whereas Bitcoin (BTC) is down 1.4% on Sunday, BTCWeekly statistics indicate that the leading crypto asset by market capitalization is down 9.1% against the US Dollar. Over the past day, $58.13 billion worth of global swaps were executed across the crypto economy, and $12.17 billion, or just over 20% of that volume, have been ETH professions.

Ethereum has a wide range of trading pairs with BUSD leading the pack capturing 35.10% of current price ETH trades. Attached (USDT) commands 33.34% of Ethereum transactions on Sunday and the USD captures 9.78%. The greenback is followed by BTC swaps representing 4.45% of the ETH pairs, JPY commands 2.33% and USDC stablecoin captures 2.23% of ETHthe volume of trade. Binance and FTX are ETHthe most active trading platforms on September 18.

Merger brought minimal gains to Ethereum, year-to-date stats show (YTD) ETH is down 59.6% and over the past 30 days, the second largest crypto asset by market capitalization has lost 25.4%. In the past 24 hours on Sunday, ETHThe trading range of was between $1,471 per unit and $1,376 per unit. In addition to YTD data, ETH is down 71.7% since the record price of $4,878 printed ten months ago on November 10, 2021.

Keywords in this story

13% dominance, BTC dominance, BTC exchanges, BUSD, crypto assets, Crypto Markets, Dominance, Dominance ETH, Market capitalizations, Market dominance, market updates, swaps, Attached, Fusion, trade volume, trade, USDC, USDT, volume

What do you think of Ethereum’s market dominance down 13% in the past month? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is the News Manager at Bitcoin.com News and a fintech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written over 6,000 articles for Bitcoin.com News about disruptive protocols emerging today.




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