Ethereum Surges $110 Billion in a Week, Matching Solana’s Total Value

Ethereum has experienced an explosive week, adding over $110 billion to its market cap and achieving the same value as Solana’s entire market capitalization. This rapid growth is attributed to growing investor confidence and anticipation surrounding Ethereum ETFs. Experts suggest this rise reflects a confluence of factors: robust institutional investment possibly driven by anticipated spot Ethereum ETF approval, continued development in the Web3 ecosystem, and broader market optimism about Bitcoin’s rebound and altcoin gains.