Ethereum trading volume more than doubled on May 19, 2021, compared to the previous day, following news that China banned crypto services inside the country. Following this news, the market cap for the entire crypto market fell by billions of U.S. dollars. The Ethereum price that day also witnessed one of its biggest single-day declines on record. The price decline potentially may have attracted new investors to the cryptocurrency, leading to the increase in trading volume.
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Statista, & CoinGecko. (May 26, 2025). Ethereum (ETH) 24 hour trade volume from July 1, 2020, to May 26, 2025 (in billion U.S. dollars) [Graph]. In Statista. Retrieved June 26, 2025, from https://www.statista.com/statistics/1272853/ethereum-trade-volume/
Statista, und CoinGecko. "Ethereum (ETH) 24 hour trade volume from July 1, 2020, to May 26, 2025 (in billion U.S. dollars)." Chart. May 26, 2025. Statista. Accessed June 26, 2025. https://www.statista.com/statistics/1272853/ethereum-trade-volume/
Statista, CoinGecko. (2025). Ethereum (ETH) 24 hour trade volume from July 1, 2020, to May 26, 2025 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: June 26, 2025. https://www.statista.com/statistics/1272853/ethereum-trade-volume/
Statista, and CoinGecko. "Ethereum (Eth) 24 Hour Trade Volume from July 1, 2020, to May 26, 2025 (in Billion U.S. Dollars)." Statista, Statista Inc., 26 May 2025, https://www.statista.com/statistics/1272853/ethereum-trade-volume/
Statista & CoinGecko, Ethereum (ETH) 24 hour trade volume from July 1, 2020, to May 26, 2025 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1272853/ethereum-trade-volume/ (last visited June 26, 2025)
Ethereum (ETH) 24 hour trade volume from July 1, 2020, to May 26, 2025 (in billion U.S. dollars) [Graph], Statista, & CoinGecko, May 26, 2025. [Online]. Available: https://www.statista.com/statistics/1272853/ethereum-trade-volume/