CME Ethereum futures trading volume soared to a record $118 billion in July, marking an 82% increase from the previous month. Open interest also surged by 75% to reach $5.21 billion, reflecting a heightened demand for Ethereum as the price climbed above $4,300. The overall ETH futures market across all exchanges hit an all-time high of $2.12 trillion during the same period.

The Federal Reserve's recent 25 basis point rate cut signals a supportive environment for risk-taking in markets, with expectations for further easing later this year. Ethereum shows improving demand, while digital asset treasury companies face challenges as market values compress. Base is exploring the introduction of a native token to enhance decentralization and growth within its ecosystem.