ETH Turnover

Definition ∞ ETH Turnover quantifies the volume of Ethereum (ETH) tokens actively traded or moved across the network within a specific timeframe. This metric reflects the liquidity and activity of the Ethereum market, indicating how frequently ETH changes hands among participants. A higher turnover suggests increased market participation and potential price volatility. It serves as an important indicator for assessing market depth and speculative interest in the asset.
Context ∞ ETH Turnover is a key metric for understanding market dynamics and investor sentiment within the Ethereum ecosystem, especially in relation to DeFi and NFT markets. The current discussion often links high turnover to periods of significant market events, such as network upgrades or major price swings. Future developments in ETH Turnover analysis will likely incorporate more granular data, differentiating between various types of on-chain activity, like staking, lending, or decentralized exchange swaps, to provide a more nuanced view of market behavior.