20 July 2026
Ethereum Joins the $500 Billion Market Cap Club
Amid the ongoing Bullish market trend, Ethereum, the world’s second-largest Cryptocurrency, has joined the $500 billion market cap club.
As per the latest data by Coinmarketcap, Ethereum’s market cap has surpassed the $500 billion mark for the first time in its history. Furthermore, following the recent price rally of Bitcoin, Ethereum also saw a substantial jump in its retail demand during the last 24 hours.
In addition to the latest jump, the demand for ETH has also increased significantly among large Crypto holders in the last few weeks. According to Santiment, a prominent on-chain analysis platform, the top ETH addresses increased their Ethereum holdings by nearly 14% over the previous ten weeks. “Ethereum’s top addresses have accumulated ETH steadily since early August, and it’s no surprise to see the Cryptocurrency approaching an All-Time High of its own. In the past two months or so, addresses with 1M to 10M ETH have accumulated 13.9% more to their bags,” Santiment highlighted in a recent Tweet.
Reportedly, Ethereum’s recent rally has increased the market dominance of the world’s second-largest digital asset. ETH now accounts for approximately 17% of the overall value of Cryptocurrencies. Furthermore, ETH’s on-chain activity, including its active addresses, has also spiked this week amid the recent bullish rally. According to Etherscan, a leading block explorer and analytics platform for Ethereum, the deposit contract of ETH 2.0 now hosts more than 7.9 million staked ETH. The total value of deposited coins now stands at around $33 billion.
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