A market cap "flippening" of sorts is happening between the ecosystem of over 298,285 ERC-20 tokens and the Ethereum network itself. Ethereum's market cap currently sits at just under $39 billion, while the entire ERC-20 ecosystem has breached $50 billion, according to Santiment. A broad comparison would be all the apps in the App Store having a larger market cap than Apple.

Santiment (Sept 21, 2020)