High Volatility Following Trump's First Tariffs Skyrockets: Record Volumes on Ethereum ETFs but Dominance Drops to 10%

Record volumes on a Monday of high volatility

The flash crash yesterday following the first duties imposed by Trump caused crazy volatility, with record volumes.

This is the case of Ethereum which, on a day that saw the price collapse from $2,900 to $2,100 and recover the entire loss in the day, traded enormous volumes, also thanks to the large number of liquidated positions.

In fact, in a single session, the 9 spot ETFs listed on the US market recorded an absolute peak in trading volumes, with over $1.5 billion dollars. A peak growth of +23% compared to the volume of $1.22 billion on December 19, 2024.

As usual of course, the relative hegemony in AUM and volumes is in the hands of BlackRock's product, ETHA which, with over $730 million, traded almost 50% of daily volumes.

Zero inflation and 10% dominance

While volumes are marking new records, not all Ethereum statistics remain positive.

In this historical period, the attention on the crypto market is mainly placed on Bitcoin. Thanks to the volatility of the previous day, the value of Dominance has returned above 60%. While the Dominance on Bitcoin rises and reaches peaks close to 65%, that of Ethereum seems trapped in an endless negative spiral.

On the previous day, for the first time since July 2020, ETH.D fell below the 10% value, with Ethereum covering $340 billion compared to the capitalization of the sector equal to $3.4 trillion dollars.

The low network usage in recent months has also had a direct impact on ETH inflation. After April 2024, in fact, the usage of the Ethereum network has dropped with reduced commissions that have directly impacted the supply Burns.

At the time of writing, in fact, starting from MERGE, the inflation value has abandoned a negative value and returned to 0%.