📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
The ETH/BTC futures trading volume ratio has surged to near parity.
Gate News bot news, on July 1st, according to The Block, the ETH/BTC futures volume ratio has soared to nearly par at 98%, marking a dramatic reversal of the prevailing pessimism around Ethereum for much of 2024. Data shows that investor preferences are shifting, and confidence in the prospects of Ethereum is being restored. The ratio has rebounded from a low of 42% in October 2024 to the current level.
The plunge in October 2024 coincided with widespread speculation that Ethereum had completely lost investor favor, with many questioning whether the network could maintain its status as the leading smart contract platform. Concerns primarily centered around high transaction fees, competition from faster Layer 1 (L1) networks, and the uncertainty surrounding the adoption of Ethereum ETFs compared to Bitcoin's clear institutional acceptance.
The subsequent recovery reflects a renewed optimism among people towards the Ethereum ecosystem, thanks to the focused fundamentals, the increasing adoption rate of Layer 2 (L2) scaling solutions, and the rise in on-chain DeFi activities.
As the narrative of Bitcoin's dominance matures, traders are beginning to look for assets with potentially greater upside in the risk curve, naturally being attracted to Ethereum, which has become the most mature alternative. The upcoming launch of more cryptocurrency ETFs, including potential products for Solana (SOL) and Ripple (XRP), has brought new competitive dynamics to the derivatives market. While these tokens might attract some speculative volume, Ethereum's (ETH) mature infrastructure and developer ecosystem may provide the necessary advantages to maintain its market share in institutional adoption.