Ethereum Trading Volume Outperformed Bitcoin In The First Quarter Of 2021

The interest in cryptocurrencies continues to wane in 2022, as does Litecoin’s popularity. The trading volume of Litecoin was eight times lower in the first quarter of 2022 than it was in the first quarter of 2021.  For example, the trading volume from January to March 2022 was around $82 billion, 87% less than in Q1 2021. In the first quarter of  2021, the trading volume was  $674.9 billion. Litecoin (LTC) trading volume crashed by more than $590 billion in quarterly comparison. Related Reading | ApeCoin (APE) Is Now The Biggest Metaverse Token, Edging AXS, MANA, SAND The sharp....

DOGE is estimated to have represented up to 5% of all crypto volume during the second quarter of 2021. Trading volume for Dogecoin increased by more than 13 times during the second quarter for 2021, nearly tagging $1 billion daily.According to data compiled by Coinbase and reported by Business Insider, Dogecoin trading volumes soared 1,250% between April and June, with $995 million worth of DOGE changing hands daily on average during the quarter.By comparison, Dogecoin’s average daily volume for the first quarter was $74 million.Dogecoin started the year priced at just $0.004 and saw its....

According to the trading app, it expects its Q3 2021 revenue to be lower as a result of increased crypto trading in the first quarter, driven in part by Dogecoin. Stock and cryptocurrency trading app Robinhood is expecting its quarterly revenue to decrease based on significantly high trading volume earlier this year.In an amendment to its Form S-1 filed with the United States Securities and Exchange Commission on Monday, Robinhood reported that its trading activity for January and February was "particularly high" but had dropped by the end of the second quarter of 2021. According to the....

Coinbase beat analyst estimates in Q2, after it generated $2.23 billion in revenue compared to estimates of $1.78 billion. Coinbase generated $2.23 billion of revenue for the second quarter of 2021, as Ethereum (ETH) trading volume surpassed Bitcoin (BTC) for the first time on the platform. Coinbase posted its Q2 report on Aug. 10 and the crypto exchange’s revenue beat analyst predictions — with industry standard financial estimators Refinitiv forecasting $1.78 billion in expected revenue for the firm. Coinbase’s earnings per share came in at $3.45, compared to estimates of $2.33. The....

On January 23, Ethereum overtook Litecoin for the first time to become the third-largest digital currency when looking at total coin market cap. This is after a two-week period where the Ethereum market cap has grown by more than 80 percent. The price of Ethereum is on an equally steep upward trend, growing more than 300 percent since the beginning of January; 24-hour volume has grown from around $300,000 to upwards of $10 million. This is in comparison to the average daily Litecoin trading volume of $1 million and is up to a quarter of the daily trading volume of Bitcoin, which is $39.5....