On Monday, cryptocurrency Ethereum hit a record high of $3,017 extending last week’s rally which came in the wake of a report that the European Investment Bank (EIB) could launch a digital bond sale on the ethereum blockchain network.

The price of Ether rose by 2% on the Bitstamp exchange to hit this milestone. It is up by more than 300% for the year so far.

Incidentally, Ethereum is a digital currency that facilitates transactions on the ethereum blockchain and it is the second-largest cryptocurrency by market cap, just behind Bitcoin.