Ethereum hits $4,800 again: market cap exceeds $580 billion, surpassing Netflix and Mastercard

Ethereum's market capitalization exceeded $580 billion in August 2025, surpassing Netflix and Mastercard, and rising to the 25th largest asset globally. (Background: Arthur Hayes' latest interview: Autumn pullback, ETH is projected to reach $10,000 to $20,000 in the long term) (Supplementary background: Which 'Ethereum-based' projects are worth paying attention to as ETH returns to the crypto stage?) After Powell's speech last night, Ethereum (ETH) began a new wave of increases, reaching $4,745 before the deadline, and ETH's total market capitalization surged to about $580.7 billion, surpassing traditional companies like Netflix and Mastercard, standing at 25th place among global assets. With a market cap ranking of 25th globally, ETH is currently priced at approximately $4,745, second only to Bitcoin's market cap of $2.36 trillion. Compared to Netflix and Mastercard, each with a market cap of about $370 billion, Ethereum's rise in ranking symbolizes a reshuffling of the traditional and emerging asset landscape. Analysts are generally optimistic about ETH’s further challenge to reach $5,000 to $6,000. However, Ethereum still faces challenges such as network congestion, competition from other public chains, and short-term volatility caused by ETF rebalancing. Related reports: Fed's Powell hints at 'a sharp rise in the probability of a rate cut in September', Bitcoin responds with a breakthrough to $117,000, and Ethereum climbs close to its historical high. Financial Times: The EU considers using Ethereum, Solana, and other public chains for the digital euro, moving towards a public and transparent ledger. BTCS announces the first-ever Ethereum dividend program: shareholders can directly receive ETH. "Ethereum hits $4,800 again: market cap exceeds $580 billion, surpassing Netflix and Mastercard" was first published on BlockTempo (the most influential blockchain news media).