Ethereum’s $10 Billion Revenue Milestone Outpaces Tech Giants
Ethereum’s $10 Billion Revenue Milestone Outpaces Tech Giants; Ethereum, the CRYPTOCURRENCY runner-up by market capitalization, recently celebrated a groundbreaking achievement: surpassing $10 billion in protocol revenue . In doing so, it raced ahead of tech behemoths Microsoft and Adobe . Caleb & Brown, a noted cryptocurrency brokerage, highlighted Ethereum’s impressive acceleration. It took Ethereum a mere 7.5 years to hit this revenue landmark, outpacing Microsoft and Adobe, which took 19 and 20 years, respectively. This revenue boon arose primarily from fees on transactional activities, encompassing decentralized finance (DeFi) app usage, ERC-20 token creation and trading, NFT dealings, and more. However, it wasn’t all rosy for Ethereum. Despite its accelerated growth, Ethereum’s annual revenue dipped over 77% from last year, reflecting the broader CRYPTOCURRENCY market downturn. As per Token Terminal, a crypto analytics entity, Ethereum’s 2023 earnings s...