Bitcoin's share of the overall industry market capitalization has fallen as ether and other altcoins have surged in price.
"Real world" assets have entered DeFi, as the Maker protocol reportedly just minted $38,000 of dai stablecoins to finance a mortgage loan.
Solana's SOL tokens have jumped 17-fold in price this year, for a market capitalization over $8 billion.
“You cannot ignore the Ethereum ecosystem as a driver of digital asset flow,” said SDX chief Tim Grant.
Users on Ethereum, Binance Smart Chain, Huobi ECO Chain or OKEx Chain would be able to convert digital assets on one of these networks to an identical asset on a different chain.
“The biggest fear for many crypto traders has always been that big governments might impose harsh restrictions on cryptocurrencies,” said one analyst.
The asset manager disclosed Thursday its shares in the Ethereum trust were worth $4.75 million as of March 31.
The hype around ether is also reflected in the derivatives market.
The amount of tether on the Tron blockchain has exceeded that on Ethereum.
Also, ether continued to move higher after the Berlin Fork.
The bug only affects the Open Ethereum client and occurred in the wake of today's Berlin hard fork.
The upgrade incorporates four optimizations aimed at gas efficiency and improved security.
Also, 98 cryptocurrencies are now valued at more than $1 billion each.
The Coinbase listing is seen as a watershed moment for the cryptocurrency industry.
Crypto bulls are taking over the market in anticipation of Coinbase's direct listing.