The total value of all assets in the Ethereum ecosystem has breached $100 billion dollars, according to the blockchain database startup Messari.
Messari is detailing the evolution of value in the leading smart contract platform. The firm says the market cap of ERC-20 tokens on Ethereum – which is made up of stablecoins, decentralized finance (DeFi) coins, utility and exchange tokens among many others – started to grow in 2017. Messari senior research analyst Ryan Watkins highlights 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.
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.”
Source: Ryan Watkins/Twitter