Ethereum Achieves Strongest Quarterly Performance Since Early 2021
- Ethereum (ETH) closed September with a quarterly gain of 66.6%, reaching an all-time high of $4,953.73 in August.
- In July, ETH rallied 48.7%, followed by an 18.8% increase in August, before a 5% pullback in September.
- Institutional investments surged, with US-based spot ETH ETFs attracting around $10 billion between July and August.
- Corporate treasury holdings of ETH increased from approximately $2 billion to over $23 billion.
- On-chain activity peaked at record highs of 1.6–1.7 million daily transactions during Q3.
- Applications on Ethereum hold about $355 billion in user assets, reinforcing its value proposition.
The significant rise in Ethereum’s price can be attributed to robust institutional interest and increased on-chain activity, marking its central role in the DeFi sector.
With corporate treasury holdings skyrocketing from $2 billion to over $23 billion and transaction counts reaching new heights, Ethereum’s market position is increasingly solidified.(Source)
