Ethereum Hits $2.2B Inflows, TVL Soars to $51.5B
The most important points in brief:
– Ethereum (ETH) recorded record inflows of $2.2 billion in 2024, surpassing the highs of 2021.
– Institutional investors are showing increased interest through Ethereum ETFs (Exchange Traded Funds).
– The total value locked (TVL) of Ethereum and its Layer-2 solutions rose to $51.5 billion.
– ETH could reach the $10,000 mark in the medium term, supported by growing network activity and market confidence.
Record Inflows: Ethereum Hits $2.2 Billion
In 2024, Ethereum set new benchmarks, recording total inflows of $2.2 billion. This surpassed the previous record set in 2021. In the most recent reporting period alone, $634 million flowed into Ethereum-based products. This development signals growing trust from institutional investors in the cryptocurrency.
A key driver of this trend is Ethereum ETFs. These funds allow investors to benefit from Ethereum’s price movements without directly investing in the cryptocurrency. Products from major providers like BlackRock and Fidelity, in particular, saw strong inflows.
Layer-2 Networks and DeFi Drive Growth
The growing adoption and usage of Ethereum are also reflected in the increasing total value locked (TVL) of the network. According to data from Lookonchain, the TVL of Ethereum and its Layer-2 solutions reached a new high of $51.5 billion, representing a 205% year-over-year increase.
Layer-2 networks like Base significantly contributed to this growth. Base alone saw its TVL rise by $302 million. These developments highlight the scalability and efficiency of the Ethereum blockchain, particularly in the realm of decentralized finance (DeFi).
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Spot ETFs Gain Importance
Spot ETFs, which directly track Ethereum’s price, also showed positive developments. Over the course of one week, net inflows of $24.23 million were recorded, with BlackRock’s ETF standing out with a daily inflow of $55.92 million. In total, Ethereum spot ETFs reached assets under management of $11.13 billion.
These figures underscore that Ethereum is increasingly being recognized as an important asset not only by retail investors but also by institutional investors.
Price Forecast: Could Ethereum Reach $10,000?
Recent developments have put Ethereum on a positive trajectory. Based on technical analyses, ETH appears poised to break out of a consolidation pattern. If successful, the price could rise toward the $10,000 mark in the medium term.
The growing adoption of DeFi, the increasing relevance of Layer-2 solutions, and the continued inflows into ETFs provide a solid foundation for further growth. Analysts believe Ethereum could benefit from these factors and reach new all-time highs.
Our Assessment
In 2024, Ethereum is proving to be a strong player in the cryptocurrency market. The record inflows, the increasing use of Layer-2 solutions, and the growing acceptance by institutional investors are clear indicators of the cryptocurrency’s potential. If these positive trends continue, a rise to $10,000 is entirely plausible. For investors seeking long-term opportunities, Ethereum remains an attractive option.
| Symbol | ETH |
| Coin type | Alt Coin |
| Transaction Speed | Medium |
| Pros |
|
| Cons |
|
| Price | $3,816.23 |
| 24h % | 5.22 % |
| 7d % | 4.09 % |
| 30d % | 58.80 % |
| 60d % | 58.00 % |
| 1y % | 70.04 % |
| Market Cap | $459,815,383,786.00 |
| Official Links | Website | Source Code |
| Socials | Reddit | X |
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