Categories: Market

Ethereum sales hit $ 800 million in just one month, well ahead of Axie Infinity and OpenSea

The revenue from the Ethereum protocol is sky high compared to the play-to-earn game Axie Infinity and other altcoin projects.

Data from Token Terminal shows that the log revenue of the smart contract platform over the past 30 days was 800.1 million Filecoin digital payment system ($ 15.8 million).

The great number of Ethereum comes after the blockchain started a major upgrade in preparation for ETH 2.0. More than $ 1 billion has been burned at ETH since the London hard fork was triggered in August, according to Kraken Exchange.

ETH’s hash rate also hit an all-time high on September 21, with miners’ earnings rising to $ 70 million in early September, amid increasing demand for NFTs and optimism about the future of Bitcoin.

The source: Token terminal

Despite finishing second, Axie Infinity’s AXS native token saw a surge in price after the personal worth of Sky Mavis developers is now reported to be $ 3 billion. The platform is well on its way to generating $ 1 billion in revenue from in-game transactions this year.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Annie

According to Dailyhodl

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

CoinX

Recent Posts

Terra Shuttle Bridge Has Now Been Disabled

Terra Shuttle Bridge has now been closed, and all remaining LUNC and USTC tokens have…

21 mins ago

FLOKI Announces Dubai Takeover with WAFI Mall Campaign

Miami, Florida, 5th November 2024, Chainwire

1 hour ago

BlockDAG X1 App Receives Huge Response From Community, Hiting Over 200K Users! Latest on Bitcoin & Chainlink Prices

Want to learn about Bitcoin and Chainlink's prices? See why BlockDAG with its X1 app…

1 hour ago

Bitcoin Mining Difficulty Tops 100T Hash for the First Time

New ATH for Bitcoin’s average hashrate, combined with Bitcoin mining difficulty surpassing 100 trillion hashes,…

2 hours ago

US Presidential Election Drives Bitcoin Price Back to $70,000

Bitcoin's price rose 3% to $70,200, influenced by excitement surrounding the US presidential election.

3 hours ago

Xinteria Surpasses $1 Billion in Trading Volume, Unveils Innovative Market-Making Technology

NY, United States of America, 5th November 2024, Chainwire

3 hours ago

This website uses cookies.