Oh, my dear reader, what a delightfully surprising quarter for our old friend Ethereum! One might have thought it would be a bit more… subdued, given its age, but here we are, dancing in the moonlight of a 80% surge! 💃🕺
According to the esteemed CoinGlass, ETH is currently up by more than 80% during the current quarter. A triumph, if you will, though one might question if it’s merely a case of ‘the early bird catches the worm’-or in this case, the early investor catches the profit. 🦆📈
It has substantially outperformed Bitcoin, which has so far added only 10% during the current quarter. How very… British of it. 🇬🇧
As reported by U.Today, Fundstrat’s Tom Lee previously claimed that Bitcoin is having its “Bitcoin 2017 moment.” A moment, indeed, but one that seems to have left Ethereum in the dust. 🏁
Outperforming “DeFi summer”
The cryptocurrency’s previous best-performing Q3 was logged in 2020. Back then, the cryptocurrency spiked by 59.5%. A time of gaiety and greenbacks, if you will. 🎉💰
This came amid the so-called “DeFi summer,” when the top altcoin benefited from the rapid growth of the decentralized finance sector. A veritable carnival of yield farming and liquidity pools. 🎪
Yield farming reignited interest in Ethereum, with the network’s total value locked (TVL) soaring by a whopping 380% compared to the previous quarter. A spectacle, if ever there was one. 🎭
Ethereum’s worst Q3 to date
The cryptocurrency’s worst Q3 to date was recorded in 2018. Back then, the cryptocurrency nosedived by a staggering 49% amid a broader crypto market crash. A most unfortunate affair, if you ask me. 😢
Back then, ETH was hit particularly hard following the implosion of the initial coin offering (ICO) sector. A tragedy, really, like a grand ballroom suddenly emptied of all guests. 🕯️
The network was plagued by several other issues, such as extremely low adoption rates for decentralized applications (dApps), as well as persistent scalability issues. A bit of a damp squib, if you’ll pardon the phrase. 🎭
Best quarter ever
Ethereum had its best quarter ever in early 2017 with a 518% increase. This marked the start of the ICO bonanza when a slew of projects started issuing their own ERC-20 tokens to raise capital. A time of wild extravagance, where every Tom, Dick, and Harry was minting ERC-20 tokens. 🚀💸
Such a massive quarterly surge, of course, is highly unlikely given that Ethereum’s market capitalization currently stands at $539 billion. A bit of a tall order, if you ask me. 📏
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2025-08-17 11:39