Ethereum's price history suggests that that crypto was worth more in 2025 than during late 2021, although nowhere near the highest price recorded. Much like Bitcoin (BTC), the price of ETH went up in 2021 but for different reasons altogether: Ethereum, for instance, hit the news when a digital art piece was sold as the world's most expensive NFT for over 38,000 ETH - or 69.3 million U.S. dollars. Unlike Bitcoin, of which the price growth was fueled by the IPO of the U.S.'s biggest crypto trader, Coinbase, the rally on Ethereum came from technological developments that caused much excitement among traders. First, the so-called 'Berlin update' rolled out on the Ethereum network in April 2021, an update that would eventually lead to the Ethereum Merge in 2022 and reduced ETH gas prices - or reduced transaction fees. The collapse of FTX in late 2022, however, changed much for the cryptocurrency. As of July 22, 2025, Ethereum was worth 3,765.45 U.S. dollars - significantly less than the 4,400 U.S. dollars by the end of 2021.Ethereum's future and the DeFi industryPrice developments on Ethereum are difficult to predict but cannot be seen without the world of DeFi, or decentralized finance. This industry used technology to remove intermediaries between parties in a financial transaction. One example includes crypto wallets such as Coinbase Wallet that grew in popularity recently, with other examples including smart contractor Uniswap, Maker (responsible for stablecoin DAI), moneylender Dharma and market protocol Compound. Ethereum's future developments are tied with this industry: Unlike Bitcoin and Ripple, Ethereum is technically not a currency but an open-source software platform for blockchain applications, with Ether being the cryptocurrency that is used inside the Ethereum network. Essentially, Ethereum facilitates DeFi, meaning that if DeFi does well, so does Ethereum.NFTs: the most well-known application of EthereumNFTs or non-fungible tokens, grew nearly tenfold between 2018 and 2020, as can be seen in the market cap of NFTs worldwide. These digital blockchain assets can essentially function as a unique code connected to a digital file, allowing to distinguish the original file from any potential copies. This application is especially prominent in crypto art, although there are other applications: gaming, sports, and collectibles are other segments where NFT sales occur.

Ethereum's price history suggests that that crypto was worth more in 2025 than during late 2021, although nowhere near the highest price recorded. Much like Bitcoin (BTC), the price of ETH went up in 2021 but for different reasons altogether: Ethereum, for instance, hit the news when a digital art piece was sold as the world's most expensive NFT for over 38,000 ETH - or 69.3 million U.S. dollars. Unlike Bitcoin, of which the price growth was fueled by the IPO of the U.S.'s biggest crypto trader, Coinbase, the rally on Ethereum came from technological developments that caused much excitement among traders. First, the so-called 'Berlin update' rolled out on the Ethereum network in April 2021, an update that would eventually lead to the Ethereum Merge in 2022 and reduced ETH gas prices - or reduced transaction fees. The collapse of FTX in late 2022, however, changed much for the cryptocurrency. As of July 30, 2025, Ethereum was worth 3,788.6 U.S. dollars - significantly less than the 4,400 U.S. dollars by the end of 2021.Ethereum's future and the DeFi industryPrice developments on Ethereum are difficult to predict but cannot be seen without the world of DeFi, or decentralized finance. This industry used technology to remove intermediaries between parties in a financial transaction. One example includes crypto wallets such as Coinbase Wallet that grew in popularity recently, with other examples including smart contractor Uniswap, Maker (responsible for stablecoin DAI), moneylender Dharma and market protocol Compound. Ethereum's future developments are tied with this industry: Unlike Bitcoin and Ripple, Ethereum is technically not a currency but an open-source software platform for blockchain applications, with Ether being the cryptocurrency that is used inside the Ethereum network. Essentially, Ethereum facilitates DeFi, meaning that if DeFi does well, so does Ethereum.NFTs: the most well-known application of EthereumNFTs or non-fungible tokens, grew nearly tenfold between 2018 and 2020, as can be seen in the market cap of NFTs worldwide. These digital blockchain assets can essentially function as a unique code connected to a digital file, allowing to distinguish the original file from any potential copies. This application is especially prominent in crypto art, although there are other applications: gaming, sports, and collectibles are other segments where NFT sales occur.

Prices for ETHUSC Ether USD Coin including live quotes, historical charts and news. ETHUSC Ether USD Coin was last updated by Trading Economics this August 2 of 2025.

In April 2021, the Ethereum market cap reached new heights and grew to over *** billion U.S. dollars - the first time this cryptocurrency achieved that feat. The market capitalization in August 2020 was half this amount. Market capitalization is calculated by multiplying the total number of Ethereum in circulation by the Ethereum price. Compared to the Bitcoin market capitalization, however, Ethereum was not yet as popular.

The price of Ethereum Classic (ETC) - a different crypto than Ethereum (ETH) - decreased significantly following the Ethereum Merge of September 2022. After years of development, the "original" Ethereum changed from proof-of-work (mining) to proof-of-stake (staking) during this event. This change had the potential to impact both the transaction speed as well as the energy consumption of the Ethereum blockchain. Some miners, however, started looking into Proof-of-Work alternatives were they could continue using their mining rigs - including Ethereum Classic (ETC), but also EthereumPOW (ETHW), and Ravencoin (RVN). The influx caused such a spike in hashrate - the computing power required to successfully mine a crypto - that the price declined.

Prices for ETHBTC Ethereum Bitcoin including live quotes, historical charts and news. ETHBTC Ethereum Bitcoin was last updated by Trading Economics this August 1 of 2025.

By March 2022, over *** million Ethereum tokens were issued and in active circulation - but it is expected new coins will not arrive at a fast pace. Although the cryptocurrency has an unlimited supply - unlike Bitcoin, of which there can only be ** million tokens and not a single more - the Ethereum blockchain received an update in August 2021, EIP-1559, that both increased the block size needed to create new coins and destroyed (“burned”) any transactions fees, rather than send them to the original miners. This led to a decline in issuance, as mining Ethereum essentially was made less profitable. Issuance is expected to decline further when Ethereum *** arrives.

Ethereum: a counter to inflation?

In a time when inflation rates became a big talking point, Ethereum received much social media attention in late 2021 for possibly being deflationary. This argument stems from August 2021, or “London Hard Fork”, upgrade in August 2021: Each transaction on the Ethereum network would entirely remove a portion of Ethereum from the total supply in circulation. On days of high transaction activity of Ethereum, for example, after a change in the price of Ethereum, this can effectively mean more coins are being destroyed than there are being created.

Ethereum supply to change after the upgrade to ***?

Experts state burning on a scale that the supply of Ethereum declines only happens on occasion, stating it acts more as a temporary slowdown of growth rather than an active attempt to continuously shrink supply. This could change, however, when Ethereum *** arrives – or when Ethereum switches from Proof-of-Work (PoW) to Proof-of-Stake (PoS). The general assumption for this is that staking rewards are generally lower than rewards for Proof-of-Work (mining), lowering the incentive for the creation of new coins. If usage – which some measure via the Ethereum gas price, or transaction fee per transaction – remains unchanged otherwise, this would lower the threshold for Ethereum to become deflationary.

Cryptocurrency historical datasets from January 2012 (if available) to October 2021 were obtained and integrated from various sources and Application Programming Interfaces (APIs) including Yahoo Finance, Cryptodownload, CoinMarketCap, various Kaggle datasets, and multiple APIs. While these datasets used various formats of time (e.g., minutes, hours, days), in order to integrate the datasets days format was used for in this research study. The integrated cryptocurrency historical datasets for 80 cryptocurrencies including but not limited to Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Cardano (ADA), Tether (USDT), Ripple (XRP), Solana (SOL), Polkadot (DOT), USD Coin (USDC), Dogecoin (DOGE), Tron (TRX), Bitcoin Cash (BCH), Litecoin (LTC), EOS (EOS), Cosmos (ATOM), Stellar (XLM), Wrapped Bitcoin (WBTC), Uniswap (UNI), Terra (LUNA), SHIBA INU (SHIB), and 60 more cryptocurrencies were uploaded in this online Mendeley data repository. Although the primary attribute of including the mentioned cryptocurrencies was the Market Capitalization, a subject matter expert i.e., a professional trader has also guided the initial selection of the cryptocurrencies by analyzing various indicators such as Relative Strength Index (RSI), Moving Average Convergence/Divergence (MACD), MYC Signals, Bollinger Bands, Fibonacci Retracement, Stochastic Oscillator and Ichimoku Cloud. The primary features of this dataset that were used as the decision-making criteria of the CLUS-MCDA II approach are Timestamps, Open, High, Low, Closed, Volume (Currency), % Change (7 days and 24 hours), Market Cap and Weighted Price values. The available excel and CSV files in this data set are just part of the integrated data and other databases, datasets and API References that was used in this study are as follows: [1] https://finance.yahoo.com/ [2] https://coinmarketcap.com/historical/ [3] https://cryptodatadownload.com/ [4] https://kaggle.com/philmohun/cryptocurrency-financial-data [5] https://kaggle.com/deepshah16/meme-cryptocurrency-historical-data [6] https://kaggle.com/sudalairajkumar/cryptocurrencypricehistory [7] https://min-api.cryptocompare.com/data/price?fsym=BTC&tsyms=USD [8] https://min-api.cryptocompare.com/ [9] https://p.nomics.com/cryptocurrency-bitcoin-api [10] https://www.coinapi.io/ [11] https://www.coingecko.com/en/api [12] https://cryptowat.ch/ [13] https://www.alphavantage.co/

This dataset is part of the CLUS-MCDA (Cluster analysis for improving Multiple Criteria Decision Analysis) and CLUS-MCDAII Project: https://aimaghsoodi.github.io/CLUSMCDA-R-Package/ https://github.com/Aimaghsoodi/CLUS-MCDA-II https://github.com/azadkavian/CLUS-MCDA

historicalExt is an experiment of the CMIP5 - Coupled Model Intercomparison Project Phase 5 ( https://pcmdi.llnl.gov/mips/cmip5 ). CMIP5 is meant to provide a framework for coordinated climate change experiments for the next five years and thus includes simulations for assessment in the IPCC AR5. This subset of the CMIP5 additional historical data were collected by the ETH Zurich until 15th March 2013 in support of IPCC AR5 Working Group 1 ( http://wiki.c2sm.ethz.ch/COSMO/CMIP5 ). These data are part of the IPCC-DDC AR5.

historicalExt (7.4 Historical Extension) - Version 2: Extend the CMIP5 historical runs to the near-present (as we have for AMIP), rather than ending them in 2005. Simulations extended to at least the end of 2012 using some estimate of recent and future forcing. For all-forcing (anthro + natural) historical runs, the extended portions of these runs should be treated as a new runs spawned from the parent historical runs at the end of year 2005. If this run is forced by an RCP that extends at least to the end of the 21st century, then nothing special needs to be done.

Experiment design: https://pcmdi.llnl.gov/mips/cmip5/experiment_design.html List of output variables: https://pcmdi.llnl.gov/mips/cmip5/datadescription.html Output: time series per variable in model grid spatial resolution in netCDF format Earth System model and the simulation information: CIM repository

Data are structured and entry names are set according to the ETH Zurich Archive layout: "experiment/MIP table/variable/model/ensemble member/CMOR filename.nc"

Cryptocurrency Ethereum would be processed over *********** times per day in early 2021, a figured that stayed relatively stable in recent years. Compared to other cryptocurrencies such as Bitcoin, this transaction volume was significantly bigger. This might explain the high market capitalization of several cryptocurrencies.

[ Derived from parent entry - See data hierarchy tab ]

historical is an experiment of the CMIP5 - Coupled Model Intercomparison Project Phase 5 ( https://pcmdi.llnl.gov/mips/cmip5 ). CMIP5 is meant to provide a framework for coordinated climate change experiments for the next five years and thus includes simulations for assessment in the IPCC AR5. This subset of the CMIP5 additional historical data were collected by ETH Zurich until 15th March 2013 in support of IPCC AR5 Working Group 1 ( http://wiki.c2sm.ethz.ch/COSMO/CMIP5 ). These data are part of the IPCC-DDC AR5.

historical (3.2 Historical) - Version 2: Simulation of recent past (1850 to 2005). Impose changing conditions (consistent with observations).

Experiment design: https://pcmdi.llnl.gov/mips/cmip5/experiment_design.html List of output variables: https://pcmdi.llnl.gov/mips/cmip5/datadescription.html Output: time series per variable in model grid spatial resolution in netCDF format Earth System model and the simulation information: CIM repository

Data are structured and entry names are set according to the ETH Zurich Archive layout: "experiment/MIP table/variable/model/ensemble member/CMOR filename.nc"

[ Derived from parent entry - See data hierarchy tab ]

historicalExt is an experiment of the CMIP5 - Coupled Model Intercomparison Project Phase 5 ( https://pcmdi.llnl.gov/mips/cmip5 ). CMIP5 is meant to provide a framework for coordinated climate change experiments for the next five years and thus includes simulations for assessment in the IPCC AR5. This subset of the CMIP5 additional historical data were collected by the ETH Zurich until 15th March 2013 in support of IPCC AR5 Working Group 1 ( http://wiki.c2sm.ethz.ch/COSMO/CMIP5 ). These data are part of the IPCC-DDC AR5.

historicalExt (7.4 Historical Extension) - Version 2: Extend the CMIP5 historical runs to the near-present (as we have for AMIP), rather than ending them in 2005. Simulations extended to at least the end of 2012 using some estimate of recent and future forcing. For all-forcing (anthro + natural) historical runs, the extended portions of these runs should be treated as a new runs spawned from the parent historical runs at the end of year 2005. If this run is forced by an RCP that extends at least to the end of the 21st century, then nothing special needs to be done.

Experiment design: https://pcmdi.llnl.gov/mips/cmip5/experiment_design.html List of output variables: https://pcmdi.llnl.gov/mips/cmip5/datadescription.html Output: time series per variable in model grid spatial resolution in netCDF format Earth System model and the simulation information: CIM repository

Data are structured and entry names are set according to the ETH Zurich Archive layout: "experiment/MIP table/variable/model/ensemble member/CMOR filename.nc"

[ Derived from parent entry - See data hierarchy tab ]

historical is an experiment of the CMIP5 - Coupled Model Intercomparison Project Phase 5 ( https://pcmdi.llnl.gov/mips/cmip5 ). CMIP5 is meant to provide a framework for coordinated climate change experiments for the next five years and thus includes simulations for assessment in the IPCC AR5. This subset of the CMIP5 additional historical data were collected by ETH Zurich until 15th March 2013 in support of IPCC AR5 Working Group 1 ( http://wiki.c2sm.ethz.ch/COSMO/CMIP5 ). These data are part of the IPCC-DDC AR5.

historical (3.2 Historical) - Version 2: Simulation of recent past (1850 to 2005). Impose changing conditions (consistent with observations).

Experiment design: https://pcmdi.llnl.gov/mips/cmip5/experiment_design.html List of output variables: https://pcmdi.llnl.gov/mips/cmip5/datadescription.html Output: time series per variable in model grid spatial resolution in netCDF format Earth System model and the simulation information: CIM repository

Data are structured and entry names are set according to the ETH Zurich Archive layout: "experiment/MIP table/variable/model/ensemble member/CMOR filename.nc"

The dominance of Ethereum (ETH) increased over the course of 2021 - after an initial decline - but was not as high as it was back in 2017. Within the crypto world, this so-called "dominance" ratio is one of the oldest and most investigated metrices available. It measures the coin's market cap relative to the overall crypto market - for instance, it shows how strong Bitcoin is compared to all the other cryptocurrencies that are not BTC, called "altcoins". In the case of Ethereum, the dominance somewhat reveals how often it is used for smart contracts and whether it is a popular blockchain for Decentralized Finance (DeFi) applications.

[ Derived from parent entry - See data hierarchy tab ]

historical is an experiment of the CMIP5 - Coupled Model Intercomparison Project Phase 5 ( https://pcmdi.llnl.gov/mips/cmip5 ). CMIP5 is meant to provide a framework for coordinated climate change experiments for the next five years and thus includes simulations for assessment in the IPCC AR5. This subset of the CMIP5 additional historical data were collected by ETH Zurich until 15th March 2013 in support of IPCC AR5 Working Group 1 ( http://wiki.c2sm.ethz.ch/COSMO/CMIP5 ). These data are part of the IPCC-DDC AR5.

historical (3.2 Historical) - Version 2: Simulation of recent past (1850 to 2005). Impose changing conditions (consistent with observations).

Experiment design: https://pcmdi.llnl.gov/mips/cmip5/experiment_design.html List of output variables: https://pcmdi.llnl.gov/mips/cmip5/datadescription.html Output: time series per variable in model grid spatial resolution in netCDF format Earth System model and the simulation information: CIM repository

Data are structured and entry names are set according to the ETH Zurich Archive layout: "experiment/MIP table/variable/model/ensemble member/CMOR filename.nc"

Bitcoin dominance steadily declined in April 2024 to below ** percent, amid rumors of central banks halting or potentially lowering interest rates in the future. Within the crypto world, this so-called "dominance" ratio is one of the oldest and most investigated metrics available. It measures the coin's market cap relative to the overall crypto market — effectively showing how strong Bitcoin compared to all the other cryptocurrencies that are not BTC, called "altcoins". Why dominance matters is because market caps of any crypto can change relatively quickly, either due to sudden price changes or a change of recorded trading volume. Essentially, the figure somewhat resembles a trading sentiment, revealing whether Bitcoin investors are responding to certain events or whether Bitcoin is losing out on functions offered by, for example, stablecoins or NFT tokens. "Dominance" criticism: Ethereum and stablecoin The interpretation of the Bitcoin metric is not without its criticism. When first conceived, Bitcoin was the first cryptocurrency to be created and had a substantial market share within all cryptocurrencies? The overall share of stablecoins, such as Tether, as well as Ethereum increasingly start to resemble that of Bitcoin, however. Some analysts argue against this comparison. For one, they point towards the large influence of trading activity between Bitcoin and Ethereum in the dominance metric. Second, they argue that stablecoins can be traded in for Bitcoin and Ethereum, essentially showing how much investors are willing to engage with "regular" cryptocurrency. A rally around Bitcoin in late 2023? By December 2023, the Bitcoin price reached roughly 41,000 U.S. dollars — the first time in 20 months such a value was reached. A weaker U.S. dollar, speculation on decreasing interest rates, and a potential Bitcoin ETF approval are believed to be at the heart of this price increase. Whether this will hold in 2024 is unclear: The monthly interest rate from the U.S. Fed is speculated to decrease in 2024, despite a vow of "higher for longer". In December 2023, the thought of decreasing interest rates and the potential of a Bitcoin ETF fuelled market sentiment towards riskier assets.

The price of the native coin from BNB Chain (formerly BSC) grew by 50 percent in late 2021 but was much lower in 2022. On July 30, 2025, for example, a single BNB coin was worth more than 805.14 U.S. dollars - a value that is very different from the all-time high of 805.14 U.S. dollars in November 2021. Regardless, Binance Coin ranked in the top 10 most expensive cryptocurrencies in 2022. Noticeable is that the price increase of BNB in November 2021 coincides with a similar price change for Ethereum (ETH), a cryptocurrency where BNB initially originated in 2017 before coming to its own years later.BNB's history: From a reward token in 2017 to an ecosystem after 2019As the name suggests, Binance Coin, or BNB, originally started as an extension of the Binance.com trading platform, the most used cryptocurrency exchange in the world. It initially functioned on the Ethereum blockchain network as an ERC-20 token, offering incentives to owners like reduced trading fees, affiliate rewards, or a lottery ticket system ('Launchpad') that let users invest in new, Binance-selected crypto projects. In 2019, however, BNB moved away from the Ethereum network and migrated to Binance's self-developed blockchain: Binance Smart Chain, or BSC (called BNB Chain since February 2022). Here, BNB started to support a chain that initially did not focus on hosting decentralized apps but focused on high transaction speed and being able to handle large amounts of traffic.DeFi and GameFi: the main segments for BNBBSC, however, made significant strides in 2021, partly due to traffic overload and high gas prices on Ethereum, as well as the growing interest in both Decentralized Finance (DeFI) and NFTs. Much like Cardano, Solana, and Terra, Binance Smart Chain consequently became a valid alternative to Ethereum. The total value locked (TVL) of BNBs blockchain within DeFi, for example, ranked only behind that of Terra and Ethereum in early 2022. Another area where Binance's blockchain and token play a significant role is that of GameFi, or 'play-to-earn' blockchain games that are powered by cryptocurrencies. Some of the more well-known and most popular NFT games, like Alien Worlds and Axie Infinity, run on the blockchain behind BNB.

Following NFT hype and growing demand in the DeFi community, the price of cryptocurrency Solana, or SOL, more than tripled during the summer of 2021. This had all but evaporated by the end of 2022, as a price of 181.17 U.S. dollars for SOL on July 30, 2025, was similar to the price of Solana in early 2021. The collapse of crypto trader FTX in 2022 especially impacted the cryptocurrency, as FTX and its sister firm Alameda Research sold a large amount of the coin to avoid bankruptcy. The Solana protocol is similar to Ethereum in that it can allow for non-fungible tokens to be created ('minted') or traded. Solana, however, uses a technology called 'PoH' or Proof of History, which allows it to reach high transaction speeds. The Solana Foundation, the creators of the protocol, based in Switzerland, claims they could reach up to 65,000 transactions per second compared to 16 for Ethereum. Additionally, Solano had no transaction fees or 'gas', unlike Ethereum, which had growing transaction costs. These two reasons combined - Solana being deemed cheaper and faster than Ethereum - turned this relatively young protocol into a breeding ground for NFT projects in August 2021.

Ethereum network fees paid to miners whenever a payment transaction is initiated on the blockchain more than ***** times between October 2020 and March 2021. These transaction fees - commonly denoted as gas or Gwei - were considered to be very low up to 2020, when the Ethereum network started to cope with increasing amounts as well as more complex transactions. This coincided with the growing importance of Decentralized Finance or DeFi, with more services essentially putting more strain on the cryptocurrency's network. The consequence is that Ethereum gas price increased for all users, especially for NFT transactions across various segments.

Crypto 24h trading volume declined as 2023 progressed, with figures being ********* lower than in 2022. The decline follows Binance - one of the biggest crypto exchanges in the world - received lawsuits in the United States. Observations are also that the crypto market was quiet after April, citing a lack of a "strong overarching narrative". This contrasts with 2021 and 2022 when cryptocurrency dominated the news and many people sought fortune in the digital currency. Bitcoin developments Bitcoin's trade volume slowed in the second quarter of 2023, after hitting a noticeable growth at the beginning of the year. The coin outperformed most of the market. Some attribute this to the announcement in June 2023 that BlackRock filed for a Bitcoin ETF. This iShares Bitcoin Trust was to use Coinbase Custody as its custodian. Regulators in the United States had not yet approved any applications for spot ETFs on Bitcoin. Changes in Ethereum staking in 2023 Ethereum's trade volume changed in 2023 due to the rollout of the Shapella (Shanghai and Cappella) upgrade. The update allowed investors to withdraw (unstake) Ethereum deposited into the network. Staking can be somewhat compared to depositing money at a bank, where one would submit money to be held and gains interest as time goes by. Lido has the highest staking pool (a platform that allows for staking) in Ethereum, higher than major crypto exchanges Coinbase and Kraken. As of May 26, 2025, the 24h trading volume stands at *****.