Ethereum’s market cap surpasses global giants like Toyota and Disney, highlighting its value despite trading 57% below its 2021 all-time high.
Ether is trading at around half its all-time high price, but the Ethereum network is still valued higher than some of the world’s most prominent companies.
Ether (ETH) traded at roughly $2,088 at the time of writing amid continued exchange-traded fund (ETF) outflows, down over 57% from its all-time high of nearly $4,900 set in mid-November 2021, according to CoinMarketCap data.
Despite this decline, Ethereum maintains a market capitalization of nearly $252 billion, surpassing global corporations such as Toyota ($250 billion) and the total market value of the precious metal platinum ($245 billion).
