Ethereum Earning $777,000,000 in Revenue in Just One Month

Ethereum Towers Above Axie Infinity and other Altcoin Projects when it comes to its earnings ! Revenue for this is massive.

Data from Token Terminal shows that the smart contract platform’s protocol revenue in the past 30 days reached $777 million, far surpassing those of Axie Infinity ($183.6 million), non-fungible token (NFT) marketplace OpenSea ($70.1 million), decentralized margin trading platform dYdX ($49.9 million) and digital payment system Filecoin ($16.7 million).

Ethereum’s big number comes after the blockchain launched its major upgrade in preparation for ETH 2.0. Crypto exchange Kraken says that more than $1 billion worth of ETH has already been burned since the London hard fork was activated in August.

ETH’s hash rate also hit an all-time high on September 21st with miner revenue surging to as much as $70 million in early September amid rising demand for NFTs and optimism over ETH’s future.Despite placing at a far second, Axie Infinity’s native token AXS saw a spike in price following reports that its developer, Sky Mavis, is now valued at $3 billion. The platform is on track to bring in $1 billion in revenue from in-game transactions this year. 

Axie Infinity has made the history books as the worlds first top play 2 earn crypto game with surging popularity in the developing world particularly in Vietnam and the Philipines. Ethereum upgrade to 2.0 will bring speed and scale in 2022 and many more crypto games. We will be here to report on it for you. #Ethereum #Play2Earn #NFT


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