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Ethereum hits the 11-digit valuation twice as fast as Amazon

Before the move to Proof-of-Stake (PoS) consensus, the Ethereum (ETH) ecosystem was growing faster than what Amazon (AMZN) was doing in its early years.

Anonymous ETH enthusiast @odin_free, a community activist of the StarkNet scaling solution, noticed, that that the Ethereum network reached an 11-digit rating much faster than the leading Web2 company.

Ethereum generated $10 billion in revenue in less than 80 months, while digital conglomerate Amazon took twice as long to pull off the feat.

Analyst Adriano Feria, software engineer and another ETH proponent, shared two more metrics that prove Eth has a much healthier and more promising economy than Amazon.

“Amazon market cap: $1.55 trillion. Eth market cap: $335 billion. ETH’s revenue has grown twice as fast as Amazon’s in its early years, it has a much larger Total Available Market (TAM) as its market cap is only 23% of AMZN.

Ethereum 2.0 deposit contract overtakes Toyota in market cap value despite ETH price drop

Anonymous Web3 enthusiast @tom49coffee added that by 2021, Ethereum will already process 4.5x more transactions than the Visa card scheme, while Visa’s market cap is 33% higher than ETH.

Yesterday, amid a sharp decline in stock and crypto markets, Eth price plummeted below $2,900. Despite this dip, the Ethereum 2.0 custodial contract is regularly setting new records in locked value.

At press time, 9,070,000 ETH is sitting in the ETH2 contract, equivalent to $24.8 billion. The Eth 2.0 contract has eclipsed the market cap of Toyota Industries (Nikkei: 6201.T).

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.