ERC-20 market cap differential over Ethereum hits all-time high

ERC-20 market cap differential over Ethereum hits all-time high

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.

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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.

The ERC-20 market cap has ‘#flippened‘ the $ETH market cap since the Black Thursday #crypto dump. After first crossing in mid-March, it occurred again on Sep 3rd.

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