The Ether cryptocurrency has a market capitalization of $376 billion, second only to bitcoin’s $1.08 trillion.
Ethereum’s cryptocurrency surged past $3,000 for the first time early Monday morning, marking a 325% rise since the beginning of this year.
Ethereum is currently the most actively used blockchain while ether is the second-largest cryptocurrency after Bitcoin by market value.
Ether has more than quadrupled in dollar value. It now has a market capitalization that exceeds that of Bank of America, the second-largest bank in the U.S.