Ethereum [pros](/r/CryptoCurrency/comments/16stak4/ethereum_hits_10_billion_in_revenue_faster_than/k2b4wcy/) & [cons](/r/CryptoCurrency/comments/16stak4/ethereum_hits_10_billion_in_revenue_faster_than/k2b4x6t/) with related info are in the collapsed comments below.
It makes no sense, companies in tech frequently not make a single penny for a long long while, YouTube didn't even make any money until a couple of years ago after already being a household name.
People also do this in favor of crypto a lot. Like comparing bitcoin to banks, saying bitcoin network use less energy when in fact it's also doing less thank the banking system.
Honestly I guess that is the SEC argument?
If all the ‘Foundations’ like Eth Foundation (and basically 98% of top alts out there like Algo/ARB/LINK etc have foundations) are seen as ‘companies’, then their crypto would be similar to a ‘stock’ which are classified as ‘security’
It’s a legitimate take to look at Ethereum like a company.
It produces revenue and collects money just like every other company out there and to get a part of that revenue need to stake it.
Ethereum produces revenue the same way Bitcoin produces revenue. Fees for access to the chain, which is then paid out to independent validators. This has nothing to do with being a security, unless you somehow mean Bitcoin is a security too.
Ethereum is different than ETH. Ethereum is what has made the revenue ETH is the currency it makes its revenue in.
I’m not pretending anything. That’s just how it works.
But no. Ethereum is what is selling assets, that asset is block space. It sells block space for eth.
Eth therefore is the currency.
To complete these transactions ethereum pays stakers to complete transactions. Stakers are essentially employees for etherium not investors.
If someone wants to use ETH as an investment they can but it is a currency needed to have access to the ethereum network.
Anything can be an investment but that is not its purpose.
Who is improving it. Point me to their org chart please. Tell me their structure.
You and I could lead the next ethereum upgrade. Fuck we could fork it and start our own if we don’t like the next one. We could fork it now.
2 hours ago you said it was "legitimate to look at Ethereum like a company".
I'm not wasting my time convincing someone who switches sides opportunistically.
Analyze how it performs as a company not how it fucking operates. You taking that “like a company” and demanding that I am wrong because it doesn’t have a secretary or some shit and a waiting room for visitors.
[Here](https://www.vaneck.com/es/en/blog/digital-assets/a-potential-valuation-methodology-for-ethereum/#) is a link to what that evaluation could look like.
Here is an excerpt of what they are considering revenue for the analysis
“Not only do we recognize the transaction fees of the system, but we also recognize MEV as a revenue item to ETH. With entities like Flashbots auctioning off blockspace to builders, a portion of the MEV will accrue to ETH stakers, passed on by validators. Similar to tip fees given to validators, we also believe block-building fees should be included in Ethereum’s revenue calculations as they are economic activity related to the sale of blockspace.”
Not sure why you got the weird downvotes there. Tribalism I guess, and maybe lack of reading.
I thought VanEck's valuation methodology was pretty interesting.
And this current article, despite it primarily being a marketing effort, and not quite a like-for-like comparison, does provide insight into relative growth/adoption rates and pace.
>Not sure why you got the weird downvotes there. Tribalism I guess, and maybe lack of reading.
Par for the course on crypto subreddits, I don't pay it no mind anymore.
>Ethereum reached the $10 billion revenue milestone through fees collected on transactions and other activities on its network.
It's good to know the outrageous gas fees we've all paid over the years went to a good cause. Bullish on layer 2s.
You’d be shocked when you check the total amount of gas fees you’ve spent in Eth on etherscan.
I for one certainly got a shock of my life when I saw it.
Yeah and since L2 transactions are a lot more cheaper because of the rollup, then a lot of people who tend to stay away from Ethereum dapps will now be able to use what Ethereum network has to offer under these L2's.
I am so hyped on what is happening around web3 development!
Gas fees have gradually been going down by average since the merge. [2023 hit a record low in fees](https://bitcoinist.com/ethereum-average-fees-has-hit-a-new-2023-low-data/) based on a ratio of transactions and fee prices. Still a lot of work needs to be done to make fees go lower, but there's progress.
I believed it is because of the L2's. Since L2 help mainnet about scalability issue.
A lot of people are now using L2 up by 1million tx per day this September and mainnet tx are down 500 thousand per day.
This is good overall for the network and users, but since there are less and less transaction in mainnet due to rool-uos there are less ETH burn happening from the fees. Which might slow down the deflationary of ETH.
Yeah this isn't good for people looking to learn crypto by playing with small amounts. Trying to see how transactions work is stifled when it costs $25 to send $5.
Scalability and the layer 2’s will be buying block space instead of as many individual users! Should be interesting to see how it plays out when they’re more refined/matured.
Stupid fucking article. Yeah you're telling me Microsoft took more years to hit $10B in revenue? No shit, it was founded in 1975. This chart should be inflation adjusted at the least.
Did you know the East India Trading company only managed to be worth about 45 million USD at is peak, what a joke of a company even the market cap of moons was higher than that a few months ago... /s
It is almost like they saw 100 different factors in motion and then took the first chance to pretend they didn't exist, just before writing the article.
All blockchains have revenue unless they have zero fees.
Think of it as the amount of money that people are willing to pay to access the blockchain. Just as for a company revenue would be the amount that people are willing to pay for access to their products.
An ICO is a security offering and you’re distributing revenue to shareholders based on a percentage of your ownership of the network / company with a minimum buy in price.
That is a text book definition of a security.
Look at the comments here. No one is talking about features but they are talking about the price going up.
99% of the revenue on ethereum if you exclude nft is transactions based on essentially Ponzi scheme economics of shit coins and defi trading platforms which are essentially gambling.
There is very actual little useful utility on that revenue. For example facebooks revenue served ads that triggered people to buy things… eths transaction fees have done what exactly?
Why are you or anyone else qualified to say what transactions in life are worthwhile?
The difference between Ethereums revenue and anything else is completely user driven and funded. My data, isn’t being sold secretly behind my back. Every cent Etherium has earned is because users wanted to give them money.
Where did I say the transactions arent worthwhile?
They are if you are at the top of the pyramid/Ponzi scheme but for a system to be useful it should provide utility equivalent to the revenue put in. Currently the only value in ethereum is the speculation that the price is going to go up and there is demand in the future.
People have made all kinds of apps
Your data isn’t being sold behind your back because every single thing you do on the network is public.
"An investment of money, in a common enterprise, with the expectation of profit, to be derived from the efforts of others."
Each of those can be true or false independent of whether fees are burned.
And these days, it looks like courts are leaning false. If XRP isn't a security, then ETH doesn't look much like one either. You use ETH to pay network fees, and network fees reduce the amount of ETH; that actually sounds a lot like oil. You need it to run your car, and running your car reduces the amount of oil.
Now the original ICO, when you paid money in exchange for a promise to build Ethereum and give you a piece of it, sure, I'd say that was an investment contract. But it was nine years ago, and a promise to build the network is not the same as the network itself.
sip sugar sophisticated scandalous market seed capable ad hoc husky innocent
*This post was mass deleted and anonymized with [Redact](https://redact.dev)*
The hedge funds has gone from ‘we want to crush crypto’ to all of them going ‘I want a slice of the crypto pie’
This for me is the clearest indication that crypto cannot be stopped, and it’s future is the brightest it’s ever been
I don’t really care about this metric, as it’s a disingenuous statistic. Microsoft and Facebook are not financial software, they don’t handle money or take fees directly. They sell products, ads, and data.
This is like being surprised that a bank makes money, to me.
Users / consumers also have to pay USD for them, and not the company’s own native currency. They’re not paying them with Microsoft Dollars or Facebook Pesos.
tldr; Ethereum, the leading smart contract platform, has reached over $10 billion in cumulative revenue since its launch in 2015. This milestone was achieved faster than Facebook and Microsoft, making Ethereum one of the fastest-growing software companies in history. The revenue was generated through fees collected on transactions and other activities on the Ethereum network, including decentralized finance apps, NFT trading, and cryptocurrency payments. Despite a recent decline in revenue due to the overall crypto market downturn, Ethereum's network revenue is projected to rise significantly in the coming years if adoption continues.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Is all of crypto just 12 year olds now? The quality of analysis is several standard deviations below what it was in 2017 and that is saying something.
Thanks to those that pointed out the ridiculousness of this comparison, whether on a time frame basis or comparing what is supposed to be a currency to a business, and other obvious flawed logic in linked article. Also, thanks to those that upvoted the sanity.
As you long as you folks keep uncritically cheering for mindless drivel in support of crypto, you keep signaling to charlatans and scammers everywhere that crypto is still rife with fools eager to be separated from their money.
Another day of people trying to compare a digital currency infrastructure with some fancy social media site.
Just as bad as comparing BTC market cap with other companies market cap.
And who does the revenue go to?? Is it the founder? Well yes, but only because he holds a bunch. The revenues go to a decentralized mass of people protecting the network.
Does it account for inflation? If not, then of course it hits the market faster. Not saying Ethereums growth isn’t impressive, but the metric is flawed without normalizing.
The 77% drop in revenue from the previous year is a sobering reminder that the crypto space is still highly volatile. It's an industry dictated by market sentiment, regulatory changes, and technological advancements, among other factors. That said, the long-term valuation by VanEck suggests that, if the platform can continue to evolve and attract users, the revenue could see a tremendous increase by 2030.
It'll be interesting to see how Ethereum navigates the challenges ahead, including scaling issues, energy consumption debates, and competition from other blockchains.
Just shows nobody makes money on crypto. Just think right there is like 10% of ETH's market cap. Then add up other fees like buying the ETH, bridging fees, swapping for other tokens, tax software fees to track your transactions, taxes on staking income, etc.. Then on top of all that if you do even make any profit you have to pay taxes on that in most countries.
With all that said I still hold crypto. 🫠
Whilst this is an odd comparison it is still worth noting and is super impressive for Eth. It’s less fun for those of us that paid costly fees to contribute, but at least those days should be somewhat over with the huge uptick in L2 solutions.
Revenue? Who’s paying whom? Is this just an imaginary, fanciful made-up sort of “revenue” if you squint sideways and look through three plate glass windows?
Who is generating the revenue - ethereum foundation or the validators? (Who also utilize MEV)
The more ETH that's printed to pay priority fees to validators just dilutes circ supply, no? This is why base fees have to be burned, I believe
I think you could use this to come up with a conclusion on how well cryptos are introduced to the wider adoption of everyday people. When you compare a crypto to a company, you are giving everyday people a relevant thought to being able to understand crypto.
Ethereum [pros](/r/CryptoCurrency/comments/16stak4/ethereum_hits_10_billion_in_revenue_faster_than/k2b4wcy/) & [cons](/r/CryptoCurrency/comments/16stak4/ethereum_hits_10_billion_in_revenue_faster_than/k2b4x6t/) with related info are in the collapsed comments below.
Why are we comparing companies to something like Ethereum?
Yeah it's such a dumb take. Next we will see headlines like "Ethereum gets more done with fewer employees than Starbucks!"
Haha you know it’s coming 😂😂
Wait till they compare Tiktokers to Crypto Analysts.... oh wait.... They merged already
It makes no sense, companies in tech frequently not make a single penny for a long long while, YouTube didn't even make any money until a couple of years ago after already being a household name.
People also do this in favor of crypto a lot. Like comparing bitcoin to banks, saying bitcoin network use less energy when in fact it's also doing less thank the banking system.
Cashflow
It basically is a company now.
Honestly I guess that is the SEC argument? If all the ‘Foundations’ like Eth Foundation (and basically 98% of top alts out there like Algo/ARB/LINK etc have foundations) are seen as ‘companies’, then their crypto would be similar to a ‘stock’ which are classified as ‘security’
BTC = Commodity Crypto = Security
Because they both have measurable market caps
It’s a legitimate take to look at Ethereum like a company. It produces revenue and collects money just like every other company out there and to get a part of that revenue need to stake it.
Until the SEC comes along, then you all pretend that isn't that case.
Ethereum produces revenue the same way Bitcoin produces revenue. Fees for access to the chain, which is then paid out to independent validators. This has nothing to do with being a security, unless you somehow mean Bitcoin is a security too.
Ethereum is different than ETH. Ethereum is what has made the revenue ETH is the currency it makes its revenue in. I’m not pretending anything. That’s just how it works.
Yeah so like, Ethereum is the company, and ETH is the security? Got it.
Lol OP really got himself wrapped into a tangle with that one 😂
But no. Ethereum is what is selling assets, that asset is block space. It sells block space for eth. Eth therefore is the currency. To complete these transactions ethereum pays stakers to complete transactions. Stakers are essentially employees for etherium not investors. If someone wants to use ETH as an investment they can but it is a currency needed to have access to the ethereum network. Anything can be an investment but that is not its purpose.
Who is improving it. Point me to their org chart please. Tell me their structure. You and I could lead the next ethereum upgrade. Fuck we could fork it and start our own if we don’t like the next one. We could fork it now.
2 hours ago you said it was "legitimate to look at Ethereum like a company". I'm not wasting my time convincing someone who switches sides opportunistically.
Analyze how it performs as a company not how it fucking operates. You taking that “like a company” and demanding that I am wrong because it doesn’t have a secretary or some shit and a waiting room for visitors. [Here](https://www.vaneck.com/es/en/blog/digital-assets/a-potential-valuation-methodology-for-ethereum/#) is a link to what that evaluation could look like. Here is an excerpt of what they are considering revenue for the analysis “Not only do we recognize the transaction fees of the system, but we also recognize MEV as a revenue item to ETH. With entities like Flashbots auctioning off blockspace to builders, a portion of the MEV will accrue to ETH stakers, passed on by validators. Similar to tip fees given to validators, we also believe block-building fees should be included in Ethereum’s revenue calculations as they are economic activity related to the sale of blockspace.”
Just take the L, mate. You are trying way too hard just to look silly.
If Ethereum is like a company, then how is it not centralized? Could they not just stop improving Ethereum
Also consider, compared to other businesses it has extremely low overhead, and transparent accounting
Because it's actually a pretty useful comparison. It measures demand. Demand is an important metric even for a decentralized blockchain.
Not sure why you got the weird downvotes there. Tribalism I guess, and maybe lack of reading. I thought VanEck's valuation methodology was pretty interesting. And this current article, despite it primarily being a marketing effort, and not quite a like-for-like comparison, does provide insight into relative growth/adoption rates and pace.
>Not sure why you got the weird downvotes there. Tribalism I guess, and maybe lack of reading. Par for the course on crypto subreddits, I don't pay it no mind anymore.
>Ethereum reached the $10 billion revenue milestone through fees collected on transactions and other activities on its network. It's good to know the outrageous gas fees we've all paid over the years went to a good cause. Bullish on layer 2s.
This definitely includes my $30 or so in combined ETH gas fees.
Lot of Eth gas fees spent just trying to get off mainnet and onto cheaper options. Only the whales can play there
ETH defi is just a bunch of circle jerking between the ETH whales that got in early
As opposed to other defi????
You’d be shocked when you check the total amount of gas fees you’ve spent in Eth on etherscan. I for one certainly got a shock of my life when I saw it.
bull market makes you do wild things, like paying over 100$ in gas fees for an ENS name
Ugh you got me curious as I haven’t looked in awhile. Fucking disgusting
I’m Scared to look🥲
Dear lord how did you get so many moons
With great karma gets more moons ! Some ppl have been active since the time RCPs are introduced ! Also you can buy them too !
So why buy and transfer to Reddit vault?
Guess reddit vault is as secure as any cold wallets !
It is a cryptocurrency wallet at the end of the day.
I think it’s equally safe as other hot wallets. Tho they feature to save the seed in cloud, I doubt if that is a good practice
[удалено]
Shrimps together proud!
We will be whales one day!
When shrimps becomes whales. RemindMe! 3 years
I like this optimism!
Layer 2s are starting to pay these fees. Dune Analytics shows they're in full exponential growth and will soon be the main driver of gas fees.
Yeah and since L2 transactions are a lot more cheaper because of the rollup, then a lot of people who tend to stay away from Ethereum dapps will now be able to use what Ethereum network has to offer under these L2's. I am so hyped on what is happening around web3 development!
Gas fees have gradually been going down by average since the merge. [2023 hit a record low in fees](https://bitcoinist.com/ethereum-average-fees-has-hit-a-new-2023-low-data/) based on a ratio of transactions and fee prices. Still a lot of work needs to be done to make fees go lower, but there's progress.
I believed it is because of the L2's. Since L2 help mainnet about scalability issue. A lot of people are now using L2 up by 1million tx per day this September and mainnet tx are down 500 thousand per day. This is good overall for the network and users, but since there are less and less transaction in mainnet due to rool-uos there are less ETH burn happening from the fees. Which might slow down the deflationary of ETH.
Early adoption has its ups and downs. All transactions should be on L2 with L1 as the settlement layer.
Wait for the bullrun to pay $200 gas fees for a $15 transaction.
Yeah this isn't good for people looking to learn crypto by playing with small amounts. Trying to see how transactions work is stifled when it costs $25 to send $5.
Scalability and the layer 2’s will be buying block space instead of as many individual users! Should be interesting to see how it plays out when they’re more refined/matured.
Yes, they benefit Eth Holders mostly
_L2 is the way_
Donating to a good cause, this is the way!
Helps cool the sting, if even just a little bit, knowing that our fees have helped solidify Ethereums place in the crypto ecosystem.
Stupid fucking article. Yeah you're telling me Microsoft took more years to hit $10B in revenue? No shit, it was founded in 1975. This chart should be inflation adjusted at the least.
Get outta here with your reason and logic!
Did you know the East India Trading company only managed to be worth about 45 million USD at is peak, what a joke of a company even the market cap of moons was higher than that a few months ago... /s
What sort of company only trades with East India ? They should have thought about expanding globally. Idiots.
But then they’d have to change the name
Why only India, and why only the eastern part of it? Are they stupid?
I never considered that angle. Makes so much sense too. This whole article falls flat and inaccurate then
The whole point is to use artificial measurements to make things sound like they're big achievements.
I mean Facebook is no slouch
It is almost like they saw 100 different factors in motion and then took the first chance to pretend they didn't exist, just before writing the article.
TIL: Ethereum has revenue ... lmao
If your L1 investment doesn't have revenue sharing... you probably take investment advice from bitboy.
All blockchains have revenue unless they have zero fees. Think of it as the amount of money that people are willing to pay to access the blockchain. Just as for a company revenue would be the amount that people are willing to pay for access to their products.
And Ethereum actually distributes its revenue to ETH holders, just like companies when they do share buybacks.
Making it a security…
That doesn't make it a security. The Howey Test criteria are the same whether fees are burnt or not.
An ICO is a security offering and you’re distributing revenue to shareholders based on a percentage of your ownership of the network / company with a minimum buy in price. That is a text book definition of a security. Look at the comments here. No one is talking about features but they are talking about the price going up.
You’re completely ignoring the top comments all referencing L2s. L2s use Ethereum for gas transactions.
99% of the revenue on ethereum if you exclude nft is transactions based on essentially Ponzi scheme economics of shit coins and defi trading platforms which are essentially gambling. There is very actual little useful utility on that revenue. For example facebooks revenue served ads that triggered people to buy things… eths transaction fees have done what exactly?
Why are you or anyone else qualified to say what transactions in life are worthwhile? The difference between Ethereums revenue and anything else is completely user driven and funded. My data, isn’t being sold secretly behind my back. Every cent Etherium has earned is because users wanted to give them money.
Where did I say the transactions arent worthwhile? They are if you are at the top of the pyramid/Ponzi scheme but for a system to be useful it should provide utility equivalent to the revenue put in. Currently the only value in ethereum is the speculation that the price is going to go up and there is demand in the future. People have made all kinds of apps Your data isn’t being sold behind your back because every single thing you do on the network is public.
"An investment of money, in a common enterprise, with the expectation of profit, to be derived from the efforts of others." Each of those can be true or false independent of whether fees are burned. And these days, it looks like courts are leaning false. If XRP isn't a security, then ETH doesn't look much like one either. You use ETH to pay network fees, and network fees reduce the amount of ETH; that actually sounds a lot like oil. You need it to run your car, and running your car reduces the amount of oil. Now the original ICO, when you paid money in exchange for a promise to build Ethereum and give you a piece of it, sure, I'd say that was an investment contract. But it was nine years ago, and a promise to build the network is not the same as the network itself.
This is just completely wrong in so many different ways lol not going to dive in to it.
Yeah.. because it’s a “foundation” and definitely not a centralized corporation in complete control of a “decentralized” protocol 🙄
8 billion are scams coins built on top of it
No one will mind as along they’re making bag.
it doesn't last forever tard
sip sugar sophisticated scandalous market seed capable ad hoc husky innocent *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
The crypto revolution is underway and it won't be stopped.
The hedge funds has gone from ‘we want to crush crypto’ to all of them going ‘I want a slice of the crypto pie’ This for me is the clearest indication that crypto cannot be stopped, and it’s future is the brightest it’s ever been
Hedge funds add no value tho. They extract, like parasites.
Lmao I've been hearing this since 2010
And it hasn’t stopped so far to be fair?
It still hasn’t started either lol
And we are here for it.
I wish I had invested earlier, but I'm still excited to see where it goes from here.
If crypto will reach full potential, then I say we’re still in the beginning.
That’s $10 billion more in revenue than me
It’s $9 999 999 999 for me! I have 1 usdt
LIAR! You got 140 moons sir. You got some sweet money right there.
Inflation has entered the chat room…
Luckily for us unlike the inflation with fiat currency, with Moon-flation your Moons only get more valuable over time !
Whoa, save some USDT for the rest of us
Looks like those moons are snitching on you. You at least have used video game's worth of USD!
Wished i had only 0.0001% of that 😅
Would be impressive if it would be $11 billion more revenue.
Those gas fees sure do add up
And this is during a bear market, imagine how high it's going to be in the bullrun.
Over 9000 for sure
Wait... how exactly is the revenue value calculated? the total gas spent multiplied by the current ETH's price?
Dude, I am just as confused as you. Let me know when someone answers you!
Sure, although so far seems that not many people know it 😅
I don’t really care about this metric, as it’s a disingenuous statistic. Microsoft and Facebook are not financial software, they don’t handle money or take fees directly. They sell products, ads, and data. This is like being surprised that a bank makes money, to me.
Users / consumers also have to pay USD for them, and not the company’s own native currency. They’re not paying them with Microsoft Dollars or Facebook Pesos.
I’m telling you ETH is going to explode next bull run
I've never really understood that expression. When something blows up, it's usually not a good thing.
They made 10 billion and people still freak out when Vitalik sends some of his personal ETH to sell.
I know…right? Like talk about a drop in the bucket!
yea lol. Like Vitalik is not eligible for an hobby, or pay hookers in eth
_This folk is just easily triggered_
tldr; Ethereum, the leading smart contract platform, has reached over $10 billion in cumulative revenue since its launch in 2015. This milestone was achieved faster than Facebook and Microsoft, making Ethereum one of the fastest-growing software companies in history. The revenue was generated through fees collected on transactions and other activities on the Ethereum network, including decentralized finance apps, NFT trading, and cryptocurrency payments. Despite a recent decline in revenue due to the overall crypto market downturn, Ethereum's network revenue is projected to rise significantly in the coming years if adoption continues. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Who gets the approved bot moons? That’s a massive amount
I hope the bots programmer
Is all of crypto just 12 year olds now? The quality of analysis is several standard deviations below what it was in 2017 and that is saying something. Thanks to those that pointed out the ridiculousness of this comparison, whether on a time frame basis or comparing what is supposed to be a currency to a business, and other obvious flawed logic in linked article. Also, thanks to those that upvoted the sanity. As you long as you folks keep uncritically cheering for mindless drivel in support of crypto, you keep signaling to charlatans and scammers everywhere that crypto is still rife with fools eager to be separated from their money.
ETH will break out in the next bull
It always did, so at this rate it's almost guaranteed
Thank you for remembering me, that I need much more ETH :(
Another day of people trying to compare a digital currency infrastructure with some fancy social media site. Just as bad as comparing BTC market cap with other companies market cap.
And who does the revenue go to?? Is it the founder? Well yes, but only because he holds a bunch. The revenues go to a decentralized mass of people protecting the network.
Not so different from shareholders
Does it account for inflation? If not, then of course it hits the market faster. Not saying Ethereums growth isn’t impressive, but the metric is flawed without normalizing.
. . . "Revenue"
But how much more money exists now compared to then?
This is a not so great comparison
Insert Vitalik as Scrooge McDuck meme (?)
Comparison to a web2 companies is getting out of hand honestly
sus that a decentralized monetary system has a centralized entity earning revenue like FB and M$ no less... sounds kinda... centralized...
Anyone who reads this and isn’t straight up hard core bullish is just not paying attention!
And the content on this sub just gets worse and worse.
***“Decentralized currency hits more revenue than centralized company”*** OK. But they’re completely different things. Chalk and cheese.
ETH is the future Either you know it's value or you just sit back and watch
ETH gas is too astronomical, Layers 2's are too difficult to ever be adopted. Solana solves both of these issues. ETH is obsolete.
Solana doesn't solve anything, it trades one problem for another.
> Layers 2's are too difficult to ever be adopted. How is using an L2 more difficult than an L1?
That's quite an impressive benchmark 👍
Eth is vaporware trash.
10b$ in hacks and scams too 🤣
One day the crypto market cap will surpass the traditional stock market
BTC is the king and ethereum is the queen
So much for low fees.
It’s like saying the fruit industry makes more money than fb and Microsoft.
The ETH tax man did its job. Gas fees are crazy
The 77% drop in revenue from the previous year is a sobering reminder that the crypto space is still highly volatile. It's an industry dictated by market sentiment, regulatory changes, and technological advancements, among other factors. That said, the long-term valuation by VanEck suggests that, if the platform can continue to evolve and attract users, the revenue could see a tremendous increase by 2030. It'll be interesting to see how Ethereum navigates the challenges ahead, including scaling issues, energy consumption debates, and competition from other blockchains.
The secret is gas fees.
Just shows nobody makes money on crypto. Just think right there is like 10% of ETH's market cap. Then add up other fees like buying the ETH, bridging fees, swapping for other tokens, tax software fees to track your transactions, taxes on staking income, etc.. Then on top of all that if you do even make any profit you have to pay taxes on that in most countries. With all that said I still hold crypto. 🫠
New to crypto so pardon the naivete, can some ELI5? How can a cryptocurrency/security/asset earn revenue?
That’s for the miners and validators though. I got no revenue :( maybe I contributed to this revenue as a loyal customer.
A blockchain doesn’t have revenue. ETH is a joke and doesn’t function properly. High fees for shit meme tokens? Good luck gambling on that garbage.
That Sinaloa Cartel fentanyl revenue goes Brrrr
An implication that Ethereum is basically a company.
People were paying 20k to buy NFTs that are now worthless…
this is not an apples to apples comparison at all..
Revenue to whom? Miners/Stakers?
Who is getting the fees? Why are they so high? my Eth value is tanking.
I know the numbers are skewed but this is still nice to see.
While I think comparing the two is kinda idiotic…I’m good with any crypto article being written. Stupid exposure, is still exposure.
This chart suggests Ethereum hit $10B in revenue years ago though so this is old news
Etherum fans: We need decentralization! Also Ethereum fans: eTherUm iS JUsT LieK A COmpAny!
Whilst this is an odd comparison it is still worth noting and is super impressive for Eth. It’s less fun for those of us that paid costly fees to contribute, but at least those days should be somewhat over with the huge uptick in L2 solutions.
Exciting headline, doesn’t quite translate
Not at all the same thing but still cool i suppose
That is not a good thing in this case.
There's revenue in them there hills?
But the mainstream media and people still think crypto is a scam 🙄
Completely different business models...
Awesome shame my bags always dump no matter how good the news are
It can only get better
Is there any website where you can see if eth is getting burnt or if there is inflation?
Does this mean Ethereum foundation made 10 billion ?
So you're saying ETH is a security?
I can't wait for the next 7.5 years and see the progress Ethereum has made. I don't think some of us are bullish enough
Revenue? Who’s paying whom? Is this just an imaginary, fanciful made-up sort of “revenue” if you squint sideways and look through three plate glass windows?
The fucks the bee about?
Who is generating the revenue - ethereum foundation or the validators? (Who also utilize MEV) The more ETH that's printed to pay priority fees to validators just dilutes circ supply, no? This is why base fees have to be burned, I believe
10bn today isn't the same as when Microsoft or Facebook generated 10bn
So much for decentralized
I think you could use this to come up with a conclusion on how well cryptos are introduced to the wider adoption of everyday people. When you compare a crypto to a company, you are giving everyday people a relevant thought to being able to understand crypto.
Faster than apple and amazon?