Volumes at LMAX Digital shot up like a rocket ship on Tuesday. Total notional volume came in at $1.8 billion, 50% above 30-day average volume.

Bitcoin volume came in at $914 million, 41% above 30-day average volume. Ether volume crushed, coming in at $567 million, a jaw dropping 82% above 30-day average volume.

Total notional volume over the past 30 days comes in at $36 billion. As far as average position sizes go, we’re seeing more uptick on the ether side of late.

On Tuesday, average position size in ether came in at $5,196, representing a 12% jump above 30-day average position size. Bitcoin position size has held mostly steady around $9,500.

We’ve seen a surge in demand for ether over the past 24 hours, with the cryptocurrency breaking out to its highest levels since mid-May. All of this is happening with bitcoin holding steady within familiar ranges, suggesting demand from major players is now rotating somewhat into further diversification within the space.

The Ethereum blockchain has been responsible for mass mainstream adoption of cryptocurrencies, through its front end applications that make it easier for the general public to understand. Earlier in the year it was all about the rise of decentralized finance, and lately it’s been about the NFT boom.

Larva Labs is at the top of the list when it comes to reputation in the NFT space. The technology firm is the creator of famed projects CryptoPunks, Autoglyphs, and Meebits, and have now signed up with the United Talent Agency (UTA), for representation of their digital assets across film, TV, gaming, publishing and licensing.

Elsewhere, stable coin Tether is back in the news as its parent company ( iFINEX) has petitioned the New York Supreme Court to block organizations from receiving documents detailing the composition of Tether’s reserves. iFINEX claims giving up such information would require the disclosure of highly sensitive information that would severely detract from Tether’s competitive advantage.