Ethereum Breaks the $3,000 Milestone for the First Time in History

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Ethereum ($ETH), the second largest cryptocurrency by market cap after Bitcoin, has hit a new all-time high above $3,000.

The new high now values Ethereum at over $348 billion following continued growth in the DeFi space which is largely fueled by Ethereum smart contracts.

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SEE ALSOBinance Smart Chain DEX, PanCakeSwap, Up 120% in April 2021 as it Pushes BNB to New All-Time Highs

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Below are some interesting Ethereum stats following this major psychological break:

  • Total value locked (TVL) for Ethereum in DeFi now above $77 billion
  • Ethereum rallies over 40% in April 2021
  • Ethereum is up over 1, 300% YoY
  • Ethereum flippens Bank of America in market capitalization
  • Institutional use and adoption of Ethereum smart contracts on the rise
  • The Ethereum Berlin update and hard fork rolled out in April 2021
  • The upcoming London update and hard fork
  • The rise in Ethereum Layer 2 protocols like Polygon have seen transaction fees come down drastically

The new milestone now places Ethereum above the following companies in market capitalization:

  • Bank of America
  • Walt Disney
  • Nestle
  • Procter & Gamble
  • PayPal

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RECOMMENDED READING: MetaMask Grows Over 500% Surpassing Over 5 Million Monthly Active Users in the Past 6 Months – Nigerians Among Leading Users

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