Ethereum Network Generated $370M in Profit in Q1, as ETH Reclaims $3K
The Ethereum blockchain has made impressive profits so far this year as crypto markets rallied and network usage increased, along with transaction fees.
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.
According to an April 18 Token Terminal report, the Ethereum blockchain generated a $369 million profit in the first quarter of 2024.
If this level of profit is sustained, the blockchain could generate around $1.5 billion for the year.
