Analysts at Bankless put together financial results for the world-leading smart contract platform Ethereum (CRYPTO: ETH).
What Happened: In a report titled “State of Ethereum – Q1 2022”, Bankless’ Ben Giove presented a picture of Ethereum’s performance for the first quarter.
Ethereum’s network revenue was up 46% from $1.6 billion last year to $2.4 billion. In this case, network revenue is measured by the value of transaction fees paid by ETH users.
$2.1 billion of this network revenue was “burned” or removed from …
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