New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
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1. Download and update the Gate APP to version v8.0.5
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Key new features and optimizations
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Looking at a complete ranking of global asset market values, it’s very interesting to see the true position of cryptocurrencies within the entire global wealth system.
Traditional assets still dominate absolutely. Gold remains firmly in first place with a market cap of $30.120 trillion, and silver also has $3.995 trillion. Technology companies follow closely behind, with Nvidia at $4.540 trillion, Apple at $4.034 trillion, Alphabet at $3.788 trillion, and Microsoft at $3.594 trillion. The scale of these giants is impressive.
An interesting turn occurs at the 8th position. Bitcoin, with a market cap of $1.747 trillion, has entered the top ten global assets, surpassing Meta Platforms ($1.663 trillion), Broadcom ($1.640 trillion), TSMC ($1.576 trillion), and Saudi Aramco ($1.532 trillion). This means that a digital asset born in 2009 now has a scale comparable to top global publicly traded companies.
Continuing downward, Ethereum ranks 40th with a market cap of $359.2 billion. This ranking includes traditional blue-chip stocks like JPMorgan Chase, Johnson & Johnson, AbbVie, Netflix, Costco, as well as Chinese financial giants like Agricultural Bank of China and Industrial and Commercial Bank of China. Ethereum’s position among such a lineup indicates that the smart contract ecosystem has gained substantial market recognition.
The top 50 list also includes several S&P 500 index ETFs, such as Vanguard S&P 500 ETF ($821.99 billion), iShares Core S&P 500 ETF ($760.31 billion), and SPDR S&P 500 ETF ($707.78 billion). The scale of these passive investment tools reflects the trend of global wealth being increasingly allocated into index funds.
From this data, several phenomena can be observed: First, although cryptocurrencies still account for a small proportion overall, they have moved beyond the stage of being ignored. Second, the market value volatility of digital assets is much higher than that of traditional assets, which presents both risks and opportunities. Third, the top 50 global assets cover various fields such as traditional finance, technology, energy, and consumer sectors. The fact that cryptocurrencies, as an emerging asset class, can enter this sequence itself is a signal.