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ERC-20 tokens market cap reach parity with ETH market cap
Jul 15, 2020 ⋅ 3 min read
Over the past couple months the market capitalization of all ERC-20 tokens has rapidly approached the market capitalization of Ether, Ethereum’s native currency. The Ethereum blockchain currently secures $52.6 billion in assets, $25.6 billion of which are tokens. Ether now only accounts for 51% of the value secured on the Ethereum blockchain - the least amount accounted for in its history. Ethereum's ecosystem is growing rapidly.
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Ryan Watkins was a Senior Research Analyst at Messari. Previously, he worked at Moelis & Company as an Investment Banking Analyst where he worked on deals in the technology, telecom, and fintech sectors. Ryan graduated Magna Cum Laude from the Gabelli School of Business at Fordham University.
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About the author
Ryan Watkins was a Senior Research Analyst at Messari. Previously, he worked at Moelis & Company as an Investment Banking Analyst where he worked on deals in the technology, telecom, and fintech sectors. Ryan graduated Magna Cum Laude from the Gabelli School of Business at Fordham University.
Mentioned in this report