Key Points:
- Ethereum revenue milestone surpasses $10 billion, outpacing Meta and Microsoft.
- The revenue is generated from transaction fees and network activities.
- Despite a recent decline, Ethereum’s future revenue potential remains substantial.
Ethereum revenue milestone reaches $10B quicker than Meta (Facebook) and Microsoft, driven by network activities.
The new ethereum revenue milestone places it among the ranks of tech giants. According to a recent report from crypto brokerage firm Caleb & Brown, Ethereum has surpassed $10 billion in revenue since its launch in 2015.
It took Ethereum approximately 6 years to reach this revenue milestone, surpassing Meta’s 7.5-year timeline and leaving Microsoft, which took 19 years, far behind.
Diverse Revenue Sources Fuel Ethereum’s Success
The revenue has been generated from various sources, including transaction fees and activities conducted on the Ethereum network, such as decentralized finance transactions, NFT trading, cryptocurrency transfers, and more.
Since 2015, Ethereum has generated US$16.8 billion in fees with over 60.0% of this converting into revenue. This places it shoulder-to-shoulder with the likes of Alphabet and Meta.
Wrote in the reprort
Despite this notable accomplishment, Ethereum’s revenue has experienced a significant decline of over 77% from the previous year, reflecting the broader downturn in the crypto market. Current data from crypto analytics firm Token Terminal indicates that Ethereum’s revenue for this year stands at $1.7 billion.
However, the future holds promise for Ethereum. Some sources suggest that if adoption continues, Ethereum’s network revenue could skyrocket from its current $2.6 billion to an astonishing $51 billion annually by 2030.
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Source: https://coincu.com/220432-ethereum-revenue-milestone-hits-10-billion/