Ethereum has reached $10 billion in revenue since its launch in 2015, proving faster in its growth than the largest software companies such as Facebook and Microsoft.
Ethereum has a faster growth rate than Facebook and Microsoft
Vitalik Buterin’s crypto, Ethereum, has reached $10 billion in cumulative revenue since its launch in 2015, outpacing Facebook and Microsoft in speed of growth.
In practice, while it would have taken Ethereum 7.5 years to reach the $10 billion revenue milestone, it appears to have taken Facebook (now Meta) a little longer, while Microsoft a full 19 years.
As Crypto Portfolio Manager at cryptocurrency brokerage firm Caleb & Brown points out, such a result would suggest that crypto protocols may be next in line to expand globally as software has.
Ethereum surpasses Facebook and Microsoft: crypto protocols compared to software giants
Ethereum’s success stems from the fact that its revenue has increased, thanks to the emergence of new crypto micro-markets.
Specifically, Ethereum has managed to achieve $10 billion in cumulative revenue from fees collected on transactions and other activities on its network.
This includes payments for dApps (the DeFi – Decentralized Finance apps), mint and NFT trading, and more.
Such an achievement puts Ethereum, and the entire crypto industry, in comparison with software giants such as precisely Facebook and Microsoft.
Yet, there is to consider that Ethereum’s revenue is down more than 77% from the previous year, partly due to the “long crypto winter” of 2022. Not only that, in this past year, the quintessential smart contract crypto posted revenue of $1.7 billion.
Positive price forecast for ETH
In this month of September 2023, it seems that positive predictions are circulating regarding the price of Ethereum (ETH).
Specifically, these forecasts are based on ETH’s past performance, compared to BTC and its four-year halving-based cycle.
During bull markets, in fact, it appears that ETH has outperformed BTC itself, while, conversely, during bear markets, ETH appears to suffer more than BTC.
At the time of writing, the price of ETH is pumping up from last year by +15%. Currently, in fact, ETH is worth $1591. Note, however, that in mid-April 2023, ETH had touched its annual price high above $2,000.