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.
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