According to Skew Δ (@52kskew) on Twitter, Ethereum (ETH) trading volume has surpassed Bitcoin's (BTC) in the past 24 hours, a rare occurrence that historically signals increased strength in altcoins. Reported metrics include a Volume-to-Market Cap Ratio (VMR) of 0.34, meaning 34% of ETH's market cap was traded, an Open Interest to Market Cap ratio (OI/MCap) of 4.33%, and an OI/Volume ratio of 0.1272, indicating for every $1 in open interest, over $7 was traded in volume. These data points highlight heightened trading activity and liquidity in ETH markets, suggesting an attractive environment for altcoin traders. The surge in Ethereum activity may also impact broader crypto sentiment, with potential spillover into other high-cap altcoins, providing actionable insight for traders seeking volatility and liquidity (Source: @52kskew, Twitter, May 9, 2025).

According to EmberCN, the 0G V2 testnet Newton has officially concluded, marking the transition to the V3 testnet Galileo. The V2 testnet achieved significant milestones including the creation of 2.5 million unique wallets, deployment of 530,000 smart contracts, and execution of 350 million transactions within a few weeks, demonstrating robust scalability and resilience under high throughput conditions. These concrete metrics indicate strong network performance and heightened developer activity, which are critical for traders assessing network utility and potential token value. The shift to V3 Galileo is expected to further enhance technical capabilities, presenting new opportunities for active traders to monitor transactional trends and smart contract deployment volumes as key indicators of blockchain adoption and trading potential. (Source: EmberCN on Twitter, April 29, 2025)

According to @ThinkingUSD, when investing in a cryptocurrency exchange, utilizing the Volume/Open Interest ratio can help determine the legitimacy of the exchange. For a trustworthy platform, this ratio should typically fall between 2 to 5x maximum. If the ratio surpasses this range, it could indicate potential issues or concerns about the exchange's reliability. This metric provides a straightforward method for venture capitalists to assess exchange authenticity, reducing the risk of investment fraud.