The cumulative value of ERC20 tokens on Ethereum has flipped the ETH market capitalization. The Ethereum network secures just over $500 billion of value, with 51% allocated to ERC20 tokens, 46% to ETH, 2.5% to NFTs, according to ultrasound.money. ERC20 tokens issued on Ethereum are worth a cumulative market cap of almost $261 billion, compared with ETH’s market cap of $237 billion. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
