⏫ ERC20 tokens now have almost half of Ethereum's market cap at $11 billion

Ethereum ($ETH) based tokens have proliferated to now more than 490 with a market cap above zero. This gives them a combined market cap of $10.9 billion, or just about 40% of Ethereum’s current $28 billion market cap. Some 420 tokens, according to data from Santiment, have a market cap of above $1 million, with 189 of them standing at above $10 million.

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