Ethereum racked up $1.2 billion in revenue from transaction fees in Q1 2024, or 155% more than in the first quarter last year.by transaction volume, posted major growth in the first quarter of 2024, seeing positive signs in most income statement metrics.its earnings in Q1 2024 on a quarter-over-quarter basis, reaching $369 million. The amount accounted for a 210% increase year-over-year from $119 million in Q1 2023.
Ethereum Q1 2024 fees and revenues increased 79% and 85% quarter-over-quarter, respectively. According to the data, Ethereum racked up $1.2 billion in revenue from transaction fees in Q1 2024, which is 155% more than in the first quarter of last year. Total Ethereum revenue amounted to $1 billion in Q1 2024, surging 186% from last year’s $385 million.Ethereum’s success in Q1 2024 came amid the cryptocurrency nearing all-time prices in March, which triggered a massive spike inAccording to Coin98, total Ethereum transactions rose in the first quarter of 2024, with total transactions surging 8.4% quarter-over-quarter to hit more than 107 million transactions.
Commodities traded strongly, with oil and gold returning 19% and 11% respectively. While United States bonds continued to sell off, Bitcoin and Ethereum returned increases of 57% and 45%, respectively, in the first quarter. SBF gets 25 years in prison, Fidelity eyes ETH staking, and Coinbase’s court loss: Hodler’s Digest, March 24-30Bitcoin traders ignore Silk Road sale as BTC price bounces to $66.5K