The Block’s data dashboard shows the ratio between the two firms’ market caps has surged, hitting a yearly high of 6.2 on July 13.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.The broader rally in global equities and cryptocurrencies has not helped the market capitalization of one of the decentralized finance market's darlings.
Coinbase, meanwhile, has seen its market cap increase from over $7 billion at the beginning of the year to nearly $25 billion on Friday.