The market cap of Ethereum has surpassed $500 billion for the first time in history at 3:46 a.m. UTC, which is a major milestone for the leading altcoin.
Ether reached a new all-time high of $4,351 at 3:55 a.m. UTC, which propelled the cryptocurrency’s market cap to a local peak of $504 billion.
It is currently worth more than the financial services giant Visa that started piloting transaction settlements in the USD Coin (USDC) stablecoin on the Ethereum blockchain last month.
