PANews reported on May 9 that according to 8marketcap data, Ethereum’s current market value is $292 billion, ranking 41st in global assets, successfully surpassing Hermes (market value of $291.67 billion). At the same time, Ethereum is only about $12.83 billion away from Alibaba (market value of $304.83 billion), which ranks 40th.

Ethereum's market value surpasses Hermes and ranks 41st in global assets