While cryptocurrency gains across the industry have soared, Ethereumhas squeezed Bitcoin out of the top spot in realized gains for investors, according to a Chainalysis report.
Globally, ETH earned investors $76.3 billion, compared with $74.7 billion for BTC, the data shows.
According to the Chainalysis team, Ethereum has surpassed Bitcoin in total realized gains globally, which we believe reflects increased demand for Ethereum due to the rise of DeFi in 2021.
In addition, U.S. investors received the most realized gains, estimated at $47 billion. It was followed by the United Kingdom ($8.1 billion), Germany ($5.8 billion), Japan ($5.5 billion) and China ($5.1 billion).