Ethereum’s economic metrics are strengthening as transfer value and ERC-20 market capitalization continue to build momentum.
Research by on-chain analytics platform Santiment has revealed that the market capitalization for all ERC-20 based tokens has flipped that of Ethereum itself. It added that it is currently the all-time highest market cap differential of ERC-20 coins over Ethereum.
The total market cap for all current ERC-20 assets is $46.7 billion whereas that for Ethereum is currently just over $41 billion at the time of writing.
There have been a couple of similar, brief ‘flippenings’ this year with the longest sustained one occurring in July. Ethereum’s price surge in August increased the market cap to more than $50 billion but the subsequent correction has allowed that of ERC-20 tokens to surpass it once again.