Ethereum’s $10 Billion Achievement: Outpacing Tech Giants in Record Time
Ethereum has achieved a significant milestone, surpassing $10 billion in cumulative revenue since its inception in 2015.
This remarkable growth rate has outpaced the trajectories of many major software corporations in history, as reported by the cryptocurrency brokerage firm Caleb & Brown.
Ethereum accomplished this feat in approximately 7.5 years, a faster pace than Meta (formerly known as Facebook), which reached this benchmark in a little over 7.5 years, and Microsoft, which took 19 years to reach a comparable level of revenue.
The $10 billion revenue milestone for Ethereum was attained through the collection of fees associated with transactions and various activities conducted on its decentralized network. These activities encompass payments for utilizing decentralized finance applications, creating and exchanging NFTs, cryptocurrency transfers, and more.
Nonetheless, Ethereum’s revenue has experienced a substantial decline of over 77% compared to the previous year, primarily due to the broader downturn in the cryptocurrency market.
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According to data from the crypto analytics firm Token Terminal, Ethereum’s decentralized network has generated approximately $1.7 billion in revenue thus far in the current year.
Notably, a recent assessment by VanEck suggests that Ethereum’s network revenue could surge from its current annual figure of $2.6 billion to an impressive $51 billion by 2030, provided that adoption trends persist.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
