Ethereum (ETH) exhibited robust growth during the first quarter of 2024 with revenue nearly doubling quarter-on-quarter (QoQ).
The decline in ETH exchange reserves suggests reduced selling pressure, while favorable indicators like the Funding Rate.
During the first quarter of 2024, the crypto market witnessed strong growth with significant rallies in leading cryptocurrencies such as Ethereum (ETH) and Bitcoin (BTC). Alongside price movements, Ethereum also displayed promising signs of revenue growth. Coin98 Analytics, a data analytics platform, recently shared Ethereum’s Q1 report, highlighting various aspects of the blockchain’s performance.
In terms of income, Ethereum saw notable growth during the first quarter. Both its fees and revenue nearly doubled quarter-on-quarter (QoQ), while earnings tripled QoQ. Additionally, the total number of ETH holders surpassed 114.69 million, reflecting a growth of over 5% QoQ. Boosted by the bullish rally in Q1, ETH’s circulating market capit

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