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Ethereum vs Visa — programmable money vs card network. Settlement scale, market cap, and different fee models.
| Metric | Ethereum | Visa | Δ |
|---|---|---|---|
| Ethereum Market Cap | $277.61B | — | — |
| Ethereum Price | $2.27K | — | — |
| Ethereum 24h Change | -3.21% | — | — |
| Ethereum FDV | $277.61B | — | +0.0% |
| Ethereum ATH | $4.95K | — | — |
| Visa Reference Market Cap | — | $550.00B | — |
| Ethereum as % of Visa | 50.5% | 100.0% | — |
| Flip Multiple (Ethereum → Visa) | 1.0x | 2.0x | — |
Crypto data live from Sharpe's tracker cache; TradFi values are reference benchmarks updated quarterly.
Visa's market cap has ranged $500B-$600B in 2024-2026. Ethereum's market cap ($300B-$500B) sits at 60-80% of Visa's. Visa processes ~$12T+ in annual payment volume across ~200B transactions; Ethereum settles ~$1-2T in on-chain value annually across ~400M transactions. The comparison highlights different scale and fee models: Visa charges ~2-3% of transaction value (mostly captured by issuing banks); Ethereum charges per-transaction gas fees averaging $0.50-$5 depending on network load. Visa's revenue ($32B+ annual) flows to shareholders; Ethereum's fees flow to validators + burn. For payment-scale comparisons Visa dominates; for programmable settlement Ethereum is uniquely capable. Moderate correlation as both are network-effect financial infrastructure.
Side-by-side crypto comparison with normalized returns
Rolling correlation between crypto and major TradFi benchmarks