Market cap data from financial data providers like CoinMarketCap or Blockchain.com

Ethereum's Market Cap Surges by $66 Billion, Up 20%, Outpacing Solana by 79%

May 20, 2024, 11:15 PM

Ethereum experienced a significant market cap increase on May 20, 2024, adding approximately $66 billion, which is equivalent to 79% of Solana's total market cap. This surge in Ethereum's market cap occurred within a few hours, with ETH's price rising by 20% on the day and 15% overnight. The notable increase underscores Ethereum's strong market performance compared to Solana, which, despite its potential, remains relatively early in its growth cycle. ETH's current market cap is significantly higher than Solana's.