Ethereum becomes the 30th largest asset globally after surging past Johnson & Johnson

Ethereum has officially become the 30th largest asset globally, surpassing healthcare titan Johnson & Johnson in a stunning shift that underscores crypto’s growing financial might.

Ethereum’s soaring market capitalization, fueled by a powerful rally, marks a major milestone for the world’s second-largest cryptocurrency by market cap.

This leap comes as Ethereum (ETH) notched an impressive 20.4% weekly gain, bringing its price above the $3,100 threshold—a level it hasn’t touched since February.

The altcoin is now trading at $3,169, posting daily gains of over 6.2% and securing a market cap of approximately $382 billion.

Ethereum’s rapid rise secures a place among the largest asset globally

The largest asset globally rankings—compiled by Infinite Market Cap—confirm Ethereum’s rise, as it dethrones Johnson & Johnson, whose current market value lags slightly behind at $373 billion.

This marks the first time ETH has entered the elite top-30 club of global assets, a list traditionally dominated by tech giants and industrial stalwarts.

“Ethereum’s rise isn’t just about price—it’s about relevance in the global financial system,” said crypto analyst Mike Alfred. “It’s officially competing with traditional legacy companies now.”

Ethereum’s momentum is not just speculative. Underlying network metrics support the rally. According to BeInCrypto, Ethereum outpaced Bitcoin in Q2 2025 by 6%, while its Total Value Locked (TVL) jumped 33%, and staked ETH grew 4%—all signs of increasing adoption and network confidence.

Adding to the bullish sentiment, daily transaction counts are returning to 2021 levels. Crypto analyst Ted Pillowshighlighted this on X (formerly Twitter):

“ETH daily transactions almost back at 1,500,000. The last time Ethereum reached above 1,500,000 was in 2021.”

These statistics paint a picture of surging on-chain activity, signaling not only increased user engagement but also growing utility within decentralized finance (DeFi) ecosystems.

Bullish sentiment intensifies: Analysts eye higher levels

Market optimism around Ethereum is intensifying, with analysts now projecting even higher valuations.

According to Henry, a crypto market strategist, a breakout above $3,200 could trigger liquidations of nearly $4 billion in short positions:

“If ETH clears $3,200, we’re likely looking at a short squeeze up to $3,340,” Henry noted. “But don’t chase blindly—pullbacks tend to follow major liquidations.”

Other analysts are equally bullish. Merlijn The Trader cited an ascending channel pattern on Ethereum’s price chart, suggesting that ETH is approaching a breakout zone.

A clean break through upper resistance could send ETH soaring toward fresh yearly highs.

Meanwhile, Polymarket data reveals that 75% of traders believe Ethereum will surpass $3,300 this July, reflecting overwhelming retail confidence in the altcoin’s near-term trajectory.

Ethereum’s long-term potential could reshape the global asset map

While breaking into the top 30 of the largest asset globally rankings is a significant milestone, some experts are already eyeing the top 10.

“ETH hitting $10,000 this cycle is no longer a wild prediction—it’s an eventuality,” said Chris Burniske, former crypto lead at ARK Invest. “Long-term, Ethereum could reach $1.5 million if crypto-based commerce continues to expand.”

That projection might seem extreme, but given the asset’s historical performance and rising institutional interest, Ethereum is fast becoming more than just a blockchain project—it’s evolving into a pillar of the global digital economy.

A defining moment for Crypto’s maturing role

Ethereum’s entry into the largest asset globally rankings represents a seismic shift. It’s not just a victory for crypto advocates but a signal to Wall Street and beyond: digital assets are no longer fringe—they are front and center.

As institutional adoption grows, DeFi gains traction, and global regulations mature, Ethereum’s growth may only be getting started.

Whether ETH reaches $10,000 or beyond, it has earned its seat at the table among the world’s largest and most valuable assets.

Ethereum’s triumph over Johnson & Johnson proves that decentralized platforms can rival and outperform century-old institutions.