Data: Ethereum's market value rose by about $70 billion on Monday, an increase close to the total market value of SOL

ChainCatcher news, Ethereum's price soared over 19% on Monday, with a market cap increase of $70 billion, bringing the total market cap to $439 billion. The increase in market cap is nearly equivalent to SOL's total market cap of about $80 billion.

Analysts say that in the coming months, the gap between ETH and competitors like SOL will further widen. This is because a potential spot ETF will make Ethereum the token of choice for mainstream institutional adoption.