Total Value Of All Ethereum Assets Hits Above $100 Billion

It’s been just reported that the total value of all assets in the Ethereum ecosystem hit above $100 billion dollars, says blockchain database startup Messari.

According to the reports coming from the Daily Hodl, Messari details the evolution of value in Ethereum’s platform.

The market cap of ERC-20 tokens started to rise in 2017

The firm said that the market cap of ERC-20 tokens on Ethereum – made up of stablecoins, decentralized finance (DeFi) coins, utility, and exchange tokens, among many others – started to see massive growth back in 2017.

Messari senior research analyst Ryan Watkins addressed the growth trend, which reached a historic milestone in July.

“…I highlighted that the market cap of ERC-20 tokens reached parity with ETH for the first time ever, further illustrating this evolution,” he said.

He continued and pointed out to the fact that “The trend hasn’t stopped since and the market cap of ERC-20 tokens now surpasses the market cap of ETH by a significant margin.”

Value of ERC-20 tokens reach levels not seen in 2 years

He also noted that during the past months, the total value of all ERC-20 tokens has surged to a level that has not been seen in more than two years.

“2 months later, I highlighted that the market cap of ERC-20 tokens reached parity with ETH for the first time ever, further illustrating this evolution. The trend hasn’t stopped since, and the market cap of ERC-20 tokens now surpasses the market cap of ETH by a significant margin,” Watkins notes.


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Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

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