The cryptocurrency market has witnessed notable shifts in the realized market capitalization of various coins based on their value and usage. Recent data indicates a significant increase in Ethereum’s (ETH) realized market cap, surpassing the growth seen in Solana (SOL) and Bitcoin (BTC). According to Glassnode, over the past month, Ethereum’s established market cap rose by approximately 9.4%, compared to Solana’s 4.9% and Bitcoin’s 2.6%. The realized market cap reflects the total value of cryptocurrency actively circulating and utilized by investors, highlighting Ethereum’s strength and its capacity to attract new capital. Although Solana has shown recent improvements resulting in market cap growth, Ethereum maintains a leading position. Ethereum is a prominent blockchain platform known for smart contracts and decentralized applications (dApps), while Solana is recognized for its high-speed, low-cost transactions. Bitcoin is viewed as digital gold and a safe investment, but its market cap growth remains slower than Ethereum’s. Experts suggest that Ethereum’s rising market cap signals investor confidence in its future and upgrades like Ethereum 2.0, which aims to enhance performance and reduce energy consumption. Nevertheless, market volatility and regulatory risks continue to pose challenges to sustained growth.
Source: binance
