Ethereum Dominates in Q1 Revenue, Hedera Hashgraph Marks Significant Rise

Research firm Messari’s Q1 2023 report reveals Ethereum‘s (ETH) continued dominance in terms of revenue generation among Layer 1 Blockchains. Notably, Hedera Hashgraph (HBAR) marked a significant revenue increase, supported by its Consensus Service. “Ethereum’s Clear Leadership in Revenue Generation” Ethereum, in the first quarter of the year, once again solidified its leadership among Layer 1 Blockchains in terms of revenue generation. Thanks to widespread adoption and high gas fees, Ethereum network generated an impressive $457 million in the first quarter. This figure is approximately 2.8 times higher than the total revenue produced by other leading Layer 1 Blockchains. Ethereum continues to maintain its leadership in several significant financial and ecosystem measures, including market capitalization, generated revenue, DeFi (Decentralized Finance) TVL, volume, NFT volume, and the number of full-time developers. Ethereum scored 22 points in DeFi diversity, followed by Polygon (MATIC) with 19 points, Solana (SOL) with 18, and BNB […] The post Ethereum Dominates in Q1 Revenue, Hedera Hashgraph Marks Significant Rise appeared first on COINTURK NEWS.