The market capitalization of all cryptocurrencies has reached $1 trillion.
According to data from CoinGecko, the global market cap for all cryptocurrencies is at $1.003 trillion at the time of writing. Bitcoin remains the market leader with a $676B market cap, followed by Ethereum with a $136 billion market cap. Tether, XRP and Litecoin round out the top five.
The last time total market capitalization came close to $1 trillion was in January of 2018 when it reached nearly $800 billion. This is the first time it has surpassed the $1 trillion mark.
Today the always-on demands of online markets have to be matched with the ability to access opportunities instantly and with no limits. Historically correspondent banks would move large sums of money for those needing to transfer funds while creating bottlenecks of unnecessary friction.
Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.