According to data compiled by CoinMarketCap, the average daily volume of trading in cryptocurrencies surpassed $100 million last week, according to data collected by Coin Market Cap.
The most popular cryptocurrency, Ethereum, was the most active on the chart.
The cryptocurrency had an average daily trade volume of $1.3 million, which surpassed the $1 million daily trade that Bitcoin had on Friday.
This is because of the rise in interest in the currency as a result of its blockchain technology, which allows for digital assets to be stored and verified.
Bitcoin, meanwhile, was a relatively quiet market on Thursday, trading at $858, according a CoinMarketMax estimate.
It was also the most volatile on the day, with the price dropping to $826 on Thursday and returning to its all-time high of $8,966 on Friday, the day after its market cap surpassed $2.8 billion.
CoinMarketCap’s data showed that Ethereum’s price was also very volatile, falling from $846.10 on Thursday to $745.90 on Friday before rising back to $800 on Saturday.
This, however, is still below the $971 average daily price that Bitcoin reached last week.
Ethereum’s price has fluctuated between $600 and $1,000 over the past week, as the price has rallied in recent days.
The platform’s price spiked after the SEC ruled that Coinbase was in violation of the Digital Currency Act by allowing illegal ICOs, which have been banned in the US.
The SEC ruled on Monday that Coinbase had failed to adequately warn users of the risk that illegal ICO transactions could pose.
The company admitted that it had not notified users about the risks of illegal ICO offerings and that it failed to alert regulators of the risks posed by ICOs in the months before the company’s initial launch in November.
Ether’s price also fell sharply following the SEC’s decision, reaching its lowest point of $619 on Thursday before rising to $589.60 on Friday and finally hitting a new high of more than $7,000 on Saturday, according the data.