Ethereum Network Generated $370M in Profit in Q1, as ETH Reclaims $3K

It may sound counter-intuitive that a decentralized network can generate a profit, but that is exactly what Ethereum has done so far this year.

If this level of profit is sustained, the blockchain could generate around $1.5 billion for the year.Token Terminal explained that Ethereum’s revenue model is based on network fees, which are the gas users pay for making transactions. Gas costs spiked in early March but have now fallen back to yearly lows.

There are also ‘expenses,’ which is the issuance of new ETH to the network’s validators and stakers as an additional economic reward. Crypto investor and Etherean Ryan Sean Adams said that Ethereum wasn’t like other blockchains. Over the past 18 months,“This puts Ethereum in the top 20 entities globally in terms of buyback yield at 0.23%. Ethereum is only 9 years old. ETH should be over $10k based on this alone.”Over the past 18 months Ethereum generationed almost $1 billion in earnings.pic.twitter.

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