Ethereum Holds Above $2,300 Mark Amid Growing Search Interest and Steady Network Activity

Ethereum (ETH) continued its momentum into May, trading at $2,307 on May 1, after posting a 2.06% gain against the dollar in the last 24 hours.

The token's market capitalization stood at approximately $278.5 billion, ranking it second behind Bitcoin (BTC), with a 24-hour trading volume of $11.28 billion.

While Ethereum's price gain trails Bitcoin's 2.74% move over the same period, its position as the primary smart-contract platform remains intact, with its developer ecosystem dwarfing competitors by most metrics.