Ethereum Surpasses Netflix in Market Cap, Reaching New All-Time High

Ethereum has broken past even the entertainment giant Netflix, securing a market capitalization of $565 billion. This historic milestone is driven by a surge in institutional investment, specifically through spot Ethereum ETFs. This massive influx fuels the growth of DeFi protocols on the Ethereum blockchain, as witnessed by a 20% increase in Total Value Locked (TVL) over recent months.