It may sound counter-intuitive that a decentralized network can generate a profit, but that is exactly what Ethereum has done so far this year.
According to an April 18 Token Terminal report, the Ethereum blockchain generated a $369 million profit in the first quarter of 2024.
If this level of profit is sustained, the blockchain could generate around $1.5 billion for the year.
BREAKING: The Ethereum blockchain generated a $369.08M profit in Q1 ‘24.
Wait, what?!
How can a *blockchain* like @ethereum be profitable?
Let’s go through Ethereum’s business model step-by-step:
1. Fees. All users on the Ethereum blockchain pay transaction fees in ETH… pic.twitter.com/gHAoNbRf48
— Token Terminal (@tokenterminal) April 18, 2024
Ethereum Blockchain Profitable
Token Terminal explained that Ethereum’s revenue model is based on network fees, which are the gas users pay for making transactions. Gas costs spiked in early March but have now fallen back to yearly lows.
Moreover, a portion o
We współpracy z: https://cryptopotato.com/ethereum-network-generated-370m-in-profit-in-q1-as-eth-reclaims-3k/
