Ethereum's Market Value Pushes It Above Major U.S. Corporations

Source: Coindoo Original Title: Ethereum’s Market Value Pushes It Above Major U.S. Corporations Original Link:

Ethereum has climbed higher in the global asset rankings, overtaking several major U.S. corporations as its market capitalization continues to expand.

According to recent data, Ethereum is now ranked 34th globally, with a market capitalization of approximately $389.51 billion. Ether is trading near $3,234, posting a daily gain of around 1.98%, placing it ahead of well-known public companies including AbbVie, Costco, and Netflix.

Key takeaways:

• Ethereum has risen to 34th place among global assets by market capitalization.
• ETH’s market value of $389.51 billion now exceeds that of several major U.S. corporations.
• Ether’s price is holding above $3,230, supported by positive daily momentum.
• The ranking shift reflects strengthening investor confidence and improving on-chain conditions.

At current levels, Ethereum’s market capitalization slightly surpasses AbbVie’s $389.14 billion, Costco’s $388.79 billion, and Netflix’s $387.54 billion, underscoring how closely digital assets are now competing with legacy equity giants. While the margins remain narrow, the move highlights Ethereum’s growing weight within the global asset landscape.

Ethereum’s Market Cap Momentum vs. Traditional Equities

Ethereum’s rise comes as several traditional equities show mixed short-term performance. AbbVie shares are down roughly 3.98% on the day, while Costco is up around 2.49%, and Netflix has gained approximately 0.52%. In contrast, Ether’s near-2% daily increase has been enough to tip the balance in market capitalization rankings.

The shift reflects more than short-term price action. Ethereum has recently benefited from declining validator exit activity and increasing staking participation, reducing immediate sell-side pressure while reinforcing long-term holding behavior.

Combined with sustained trading activity, these dynamics have helped support Ether’s valuation at levels competitive with some of the world’s largest publicly traded firms.

While market-cap rankings can change quickly, Ethereum’s position above multiple household-name corporations reinforces its role as a major global asset rather than a niche speculative instrument. As long as on-chain fundamentals remain supportive, Ethereum’s standing alongside and ahead of traditional equity leaders may become an increasingly common feature of global market comparisons.