Ether Outperforms DeFi Market in May, Bouncing From Woeful Start to the Year

Ether ETH has increased in value by 45% over the past 30 days, outperforming the decentralized finance (DeFi) market and bitcoin, which are up 21% and 13% respectively in the same period.Much of ether's rise has been attributed to institutional interest that has led to record inflows from spot ETH ETFs.ETH's rise came after a lull in sentiment earlier this year as rival layer-1 blockchains like Solana took the limelight with a flurry of memecoin releases.At the turn of the year ETH was trading at $3,340 however by early April it had tumbled to as low as $1,472 amid global uncertainty related to U source: https://www.coindesk.com/markets/2025/05/29/ether-outperforms-defi-market-in-may-despite-woeful-start-to-the-year