#squarecreator - Ethereum becomes the 35th most valuable asset in the world after surpassing Coca-Cola.

$ETH - Ethereum has just climbed positions surprisingly in the global ranking of most valuable assets. According to CompaniesMarketCap data updated on May 11, the cryptocurrency surpassed established giants like Coca-Cola and Alibaba, positioning itself as the 35th largest asset by market capitalization, just below Home Depot.

The momentum behind this achievement is not coincidental. At the beginning of May, the Pectra update was implemented, a technical improvement in the Ethereum network that has been celebrated by both developers and institutional investors.

Ethereum solidifies above Coca-Cola after update

The price of Ether skyrocketed to reach $2,550, pushing its market capitalization above $308 billion, surpassing Coca-Cola's $303.5 billion and Alibaba's $303.7 billion.

The milestone was highlighted and visualized on specialized platforms that monitor the market value of stocks, metals, and cryptocurrencies. To put it in perspective, Ethereum is now on the same ground as iconic companies like Home Depot and Nike, which evidences the weight that the crypto sector is gaining in global finance.