Weekly Sanbase Pro market report. ETH vs ERC-20: A tale of two market caps

While Ether’s market cap has been endlessly scrutinized, the market capitalization of ERC-20 tokens generally manages to stay under the radar.


In fact, there has been very little serious research and attention dedicated to the ERC-20 market as a whole up until now.


In this Santiment report, we take a closer look at the size of the ERC-20 market, its separate evolution over the years and its - if any - correlation to the ‘parent’ market cap of Ethereum.


1. Total Market Capitalization


To calculate the combined ERC-20 market cap, we pulled pricing information on all (853) ERC-20 projects currently in our database (excluding zero-cap projects).


Pricing, on-chain, social and development activity information on all ERC-20 coins is available on Sanbase or via our API.


Below is the collective market capitalization of all ERC-20 projects, compared to the market capitalization

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