Ethereum Generates Over $10 Billion In Revenue In 7 Years
Ethereum, the world’s most valuable smart contract platform, has generated over $10 billion in revenue in a record seven years. At this pace, Ethereum grew to this milestone faster than most top technology firms, except Alphabet. Ethereum Hit The $10 Billion Milestone Faster Than Microsoft, Zoom Records showed that Ethereum took roughly seven years to […]
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After the continuous sink in the mining profitability of both digital assets year-on-year, Bitcoin miners have been set back to seats as Ethereum miners consecutively surpassed them in mining revenue and recorded a gap of $224 million in April 2022. This month was not so good for Bitcoin miners as they were able to generate around $1.16 billion only. Notably, this figure is down by $44 million from the previous month’s mining revenue of Bitcoin. The last month saw $1.7 billion in recorded income. Related Reading | TA: Ethereum Bears Aim Big After Recent Breakdown Below $2.5K....
Miners of both Bitcoin and Ethereum are still thriving regardless of the crypto winter. The revenue generated by Ethereum miners surpasses that of Bitcoin miners, according to the 2022 record. The growth of the miners is quite surprising given the increase in the cost of electricity. But all that might come crashing down very soon. There’s growing concern that the upcoming merge will put ETH miners out of their jobs. This can be traced to the effect of the asset’s merge on the operational mechanism of the network. Related Reading: TA – Polkadot Price Shows Strength, Eyes $10....
Square Inc. has reported bitcoin revenue of $1.82 billion in the third quarter, an 11% increase from the same period last year. Its bitcoin gross profit was $42 million during the time period, a 29% increase year-over-year. Square’s Bitcoin Profit up 29% in Q3 In the company’s Q3 2021 Shareholder Letter, published Thursday, Square Inc. reported total net revenue of $3.84 billion in the third quarter, up 27% year-over-year. The company’s bitcoin revenue is generated from its mobile payment service, Cash App. The platform generated $2.39 billion in revenue and $512....
Friend.tech, a decentralized social media platform built on the Base, the Ethereum layer-2 scaling solution backed by Coinbase, generates more fees, and thus, revenue than Bitcoin. This transactional platform allows users to move value. According to Token Terminal data on Oct. 6, Friend.tech generated $28.6 million in fees, above Bitcoin’s $26.8 million. This spike is […]
New addition to the Bitcoin ecosystem Supload will see users paid to host images and gifs in a new form of content creation platform. Bitcoin Solution To Content Revenue Sharing. Supload, a two-man operation which received a modest launch last month, aims to be “a tool for people around the world to be able to share in the revenue that their content is responsible for creating.” In its first blog post in November, the project’s creators immediately highlighted Bitcoin as the backbone of the payments mechanism. It will be used to pay users 50% of revenue their content generates. “The....