The value of the Ethereum network soared above major companies such as Nestle and P&G after its market cap hit a new high at $337 billion. Ether’s (ETH) price has rallied more than 200% in 2021, resulting in a massive $337-billion market capitalization. This impressive figure pushed the value of the Ethereum network ahead of the total market cap of major companies like Procter & Gamble’s ($326 billion) and PayPal’s ($308 billion).