What is Ethereum (ETH) market capitalization?
Ethereum (ETH) market capitalization is the combined value of the entire circulating ETH supply, calculated as the price of 1 ETH multiplied by the number of existing coins. Financial analysts widely use this metric to assess the condition and dynamics of the second-largest cryptocurrency’s market.
Ethereum market capitalization chart (MarketCap.ETH)
How is the Ethereum market cap chart calculated?
The ETH market capitalization formula is: MarketCap.ETH = price of 1 ETH * total BTC supply, where:
- Price of 1 ETH is the value of one ETH coin at a given time.
- Total ETH supply is the number of ETH coins in existence at a given time.
The ETH price and the number of existing coins constantly change, so Ethereum’s market capitalization follows its own dynamics, which differ from the regular ETH price chart.
Ethereum price chart (ETH/USDT)
Ethereum market capitalization by year
Ethereum (ETH) market capitalization history begins with the launch of the chart in 2017 by TradingView, the well-known analytics platform and social network for traders.
| Year | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| 2025 | $401.34 billion | n/a | n/a | n/a | n/a |
| 2024 | $274.27 billion | $401.34 billion | $494.51 billion | $251.86 billion | +46.33% |
| 2023 | $146.21 billion | $274.27 billion | $294.02 billion | $145.68 billion | +87.61% |
| 2022 | $438.32 billion | $146.19 billion | $463.34 billion | $106.6 billion | -66.58% |
| 2021 | $84.24 billion | $437.43 billion | $575.9 billion | $78.02 billion | +419.57% |
| 2020 | $14.03 billion | $84.19 billion | $89.34 billion | $9.24 billion | +499.89% |
| 2019 | $13.67 billion | $14.03 billion | $40.91 billion | $10.41 billion | +2.7% |
| 2018 | $71.91 billion | $13.67 billion | $145.71 billion | $8.2 billion | -80.99% |
| 2017 | $17.44 billion | $71.91 billion | $86.8 billion | $12.91 billion |
Frequently Asked Questions (FAQ)
➤ What is Ethereum market capitalization in simple terms?
Ethereum market capitalization is the total market value of all existing ETH coins. It is one of the most important measures financial analysts use to assess the second-largest cryptocurrency’s market. A high market capitalization generally indicates an asset’s success.
➤ Why is Ethereum market capitalization important?
Ethereum’s market capitalization, like that of other assets, is one of the most important measures of an asset’s value and overall market condition. Financial analysts widely use it alongside other tools.
➤ What is the formula for Ethereum market capitalization?
The ETH market capitalization formula is: MarketCap.ETH = 1 ETH * total ETH supply. It represents the combined value of all ETH coins in circulation.
