According to U.Today, the latest data from the crypto analysis platform Token Terminal shows that Ethereum (ETH) has surpassed some S&P 500 companies in repurchase yields and is currently ranked 16th in the world. On this list, Ethereum surpassed some large companies including Tesla and JPMorgan Chase. This achievement shows that Ethereum is not only a promoter of smart contracts, but also has the ability to compete as a fintech entity. It is worth noting that Ethereum is only about 9 years old, compared to the average age of 44 years old of companies on the list. Although companies like JPMorgan Chase were founded as early as 1799, Ethereum only appeared in 2015.
Token Terminal pointed out that this difference shows the profitability of Internet-native businesses, especially when their innovations are freely expressed. As a promoter of smart contracts, Ethereum has led the trend of innovators building decentralized applications, increasing the total locked value (TVL) of decentralized finance (DeFi) to $92.74 billion. In addition to Bitcoin (BTC), Ethereum is the second largest crypto project held by whales.