Ethereum's $400 billion market value makes it bigger than all but 12 publicly traded companies

FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2020. REUTERS/Lucas JacksonReuters


The market value of ether, the digital currency tied to the Ethereum blockchain, is now worth more than Walmart.

Ether jumped more than 10% to record highs on Tuesday, bringing its year-to-date rally to 370% and its market valuation to just over $400 billion. Ether touched a record high of just under $3,500, at $3,485.

Ether is the go-to medium of exchange in the digital marketplace, especially for non-fungible tokens and other forms of digital art. The surge higher has left bitcoin behind in recent weeks, and Ark Invest on Monday laid out three reasons why the cryptocurrency has surged higher.

These are the 12 publicly traded companies that are still worth more than ether’s $400 billion market valuation, based off of Monday’s closing prices.

12. Johnson & Johnson

Ticker: JNJ
Market Cap: $439 billion

Johnson and johnson covid vaccine

11. JPMorgan Chase & Co.

Ticker: JPM
Market Cap: $469 billion

JPMorganAmr Alfiky/Reuters

10. Visa

Ticker: V
Market Cap: $504 billion

Visa cardsRoberto Machado Noa/LightRocket via Getty Images

9. Taiwan Semiconductor

Ticker: TSM
Market Cap: $555 billion

FILE PHOTO: A logo of Taiwan Semiconductor Manufacturing Co (TSMC) is seen at its headquarters in Hsinchu, Taiwan, Aug. 31, 2018. REUTERS/Tyrone Siu/File PhotoReutersFILE PHOTO: A logo of Taiwan Semiconductor Manufacturing Co (TSMC) is seen at its headquarters in Hsinchu

8. Alibaba

Ticker: BABA
Market Cap: $633 billion

AlibabaReuters

7. Tesla

Ticker: TSLA
Market Cap: $657 billion

Tesla Shanghai China Factory Xinhua/Ding Ting via Getty ImagesTesla TKed Wall Street’s expectations.

6. Berkshire Hathaway

Ticker: BRK.B
Market Cap: $678 billion

University of Nebraska-LincolnWarren Buffett, CEO and Chairman of Berkshire Hathaway.

5. Facebook

Ticker:FB
Market Cap: $929 billion

Facebook appsSOPA Images/Getty Images

4. Alphabet

Ticker: GOOGL
Market Cap: $1,644 billion

Google HQsJustin Sullivan/Getty ImagesGoogle headquarters in Mountain View, California.

3. Amazon

Ticker: AMZN
Market Cap: $1,709 billion

Amazon Fresh UK storeKate DuffyAmazon Fresh UK store

2. Microsoft

Ticker: MSFT
Market Cap: $1,899 billion

Microsoft.Cindy Ord/Getty ImagesMicrosoft delivers strong earnings.

1. Apple

Ticker: AAPL
Market Cap: $2,259 billion

IPhone 12 Apple iPhone 12 ProDon Arnold/WireImage/Getty Images

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