Despite a 57% drop in Ethereum’s price from its all-time high, the market value of the Ethereum network still exceeds that of some prominent global companies. With a market value of $252 billion, Ethereum has outperformed companies like Toyota, IBM, and McDonald’s, despite capital outflows from exchange-traded funds (ETFs). Experts believe speculative interest and independence from traditional financial frameworks play a role in this valuation. Some view Ethereum not as a business but as an infrastructure with growth potential in the digital economy. Although Ethereum has recently experienced inflation, its attractiveness is maintained by the transition to proof of stake and burning of fees. Ethereum’s current market value has even surpassed the gross domestic product of countries like Greece, indicating a fundamental shift in valuing digital infrastructures.
