According to the Ethereum Q1 2024 financial report from Coin98, the network Ethereum Impressive performance in the first quarter of 2024
Fees and revenue increased 1.8x quarter-on-quarter (QoQ), while revenue tripled in the same period. This financial momentum coincides with significant advances in network and ecosystem measurement.
Ethereum’s revenue soars
The Ethereum network saw more than 107 million transactions in Q1, along with nearly 9.7 million new addresses created, indicating increased user activity and widespread adoption.
Ecosystem indicators also show growth. with net-locked money (TVL) increasing more than 1.8x QoQ alongside the creation of more than 4.8 million NFTs.
in additionreportIt also highlights USDT’s dominance as the stablecoin with the highest market capitalization. This reflects the attractiveness and stability of Ethereum in the broader cryptocurrency market. This is despite the fact that there are many competing blockchain networks.
In March, Matthew Sigel, VanEck’s head of digital assets, said that Ethereum may surpass Bitcoin in terms of performance.
refer : cryptopotato.com
picture cryptorank.io
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