Ethereum (ETH) October protocol managed to dwarf Axie Infinity (AXS) and more crypto protocols. It’s been revealed that the data collected by crypto metrics site Token Terminal is showing that ETH’s protocol revenue over the last 30 days reached $932.8 million.
The online publication the Daily Hodl noted that ETH’s revenue intake is more than five times that of the play-to-earn blockchain platform Axie Infinity, which saw nearly $185 million in revenue during the same timespan.
The same online publication mentioned above notes the following:
“Ethereum-based decentralized exchange dYdX (DYDX) saw the third-highest protocol revenue over the past month at $70.4 million, followed by OpenSea at $62.7 million and PancakeSwap (CAKE) at $20.5 million.”
Ethereum competitor Avalanche (AVAX) enjoyed the 16th-highest protocol revenue at $2.9 million, according to the very same notes.
Ethereum’s bull market
There are various bullish crypto predictions these days and they are involving ETH as well.
Check out the latest news about how high could ETH price go.
At the moment of writing this article, ETH is trading in the green, and the coin is priced at $4,338.
According to the online publication the Daily Hodl, Bloomberg Intelligence’s senior commodity strategist Mike McGlone says that it is only a matter of time before an Ethereum (ETH) exchange-traded fund (ETF) is established.
Check out his tweet below.
Here’s a Bull Market – #Ethereum #Futures Open Interest:
Rapidly rising Ethereum open interest and volume show that a U.S. ETF is only a matter of time, with positive implications for the price and negative for volatility. pic.twitter.com/RqBYV0jajv
— Mike McGlone (@mikemcglone11) October 26, 2021
Someone said: “By submerging Bitcoin Miners in liquid, heat and noise is reduced by 95% and we can recapture up to 40% of the heat and convert this to power. Bitcoin will be 100% green by 2024. No other system will be more green.”
Stay tuned for more news.