Ethereum Market Cap Surpasses Alibaba After Pectra Upgrade

Ethereum’s market capitalization has surged past $306.68 billion, surpassing tech giants like Alibaba, following the successful deployment of the Pectra upgrade. This milestone is a testament to Ethereum’s continued growth and its dominance within the cryptocurrency market. Analysts attribute this surge to the Pectra upgrade’s impact on DeFi activity and increased institutional interest in the platform.