{"id":194257,"date":"2023-09-27T23:40:29","date_gmt":"2023-09-27T23:40:29","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=194257"},"modified":"2023-09-27T23:40:29","modified_gmt":"2023-09-27T23:40:29","slug":"ethereum-eth-reaches-10-billion-in-revenue-outshining-track-records-of-tech-giants-like-microsoft-and-adobe","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/altcoins\/ethereum-eth-reaches-10-billion-in-revenue-outshining-track-records-of-tech-giants-like-microsoft-and-adobe\/","title":{"rendered":"Ethereum ($ETH) Reaches $10 Billion in Revenue, Outshining Track Records of Tech Giants Like Microsoft and Adobe"},"content":{"rendered":"<p>The second-largest cryptocurrency by market capitalization Ethereum ($ETH) has seen its protocol revenue surpass the $10 billion mark after significant growth that has seen it overtake tech titans like Microsoft and Adobe in reaching the milestone.<\/p>\n<p>According to a report from cryptocurrency brokerage firm Caleb &#038; Brown, it took Ethereum around 7.5 years to reach $10 billion in annual revenue, while it took Microsoft and Above 19 and 20 years to reach that milestone, respectively.<\/p>\n<p>The data further shows that Ethereum reached the $10 billion mark through fees collected on transactions and other network activities, which include payments for using decentralized finance (DeFi) applications, minting and trading ERC-20 tokens and non-fungible tokens (NFTs), and more.<\/p>\n<p>Ethereum\u2019s network revenue has notably plummeted by over 77% since last year, amid a wider crypto market slump. The decentralized platform has earned $1.7 billion in 2023 so far, according to Token Terminal, a crypto analytics company.<\/p>\n<p>However, a VanEck valuation projects that Ethereum could increase its annual revenue from $2.6 billion to $51 billion by 2030, if it continues to grow its user base. Notably, a recent JPMorgan report suggests that after the Shanghai upgrade, Ethereum failed to meet expectations and attract institutional interest.<\/p>\n<p>\u00a0Ethereum\u2019s key performance indicators, such as daily transactions, active user addresses, and the total value locked in decentralized finance (DeFi) platforms, have all apparently seen a downturn after an underwhelming boost in network activity.<\/p>\n<p>The amount of Ether staked has increased by 50% since the Shanghai upgrade, but this has not translated into heightened network activity, partly over the recent collapse of cryptocurrency ecosystems like Terra and of crypto exchange FTX.<\/p>\n<p>Current data from Etherscan reveals that Ethereum facilitated over 883,000 transactions on September 24, 2023. However, this was a decline from the 1.93 million transactions recorded on December 9. At present, the mean transaction fee hovers around $0.74.<\/p>\n<p><em>Featured image via Pixabay.<\/em><\/p>\n<p>Source: <a href=\"https:\/\/www.cryptoglobe.com\/latest\/2023\/09\/ethereum-eth-reaches-10-billion-in-revenue-outshining-track-records-of-tech-giants-like-microsoft-and-adobe\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The second-largest cryptocurrency by market capitalization Ethereum ($ETH) has seen its protocol revenue surpass the&#8230;<\/p>\n","protected":false},"author":4,"featured_media":194256,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ethereum ($ETH) Reaches $10 Billion in Revenue, Outshining Track Records of Tech Giants Like Microsoft and Adobe - Tokens Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tokenstalk.info\/altcoins\/ethereum-eth-reaches-10-billion-in-revenue-outshining-track-records-of-tech-giants-like-microsoft-and-adobe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum ($ETH) Reaches $10 Billion in Revenue, Outshining Track Records of Tech Giants Like Microsoft and Adobe - 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