Crypto News – The Q1 2024 data from Ethereum shows massive network utilization.
ETH Crypto’s Q1 2024 Report Proves Adoption Growth
The Q1 2024 financial report for Ethereum (ETH) was shared via tweet by the analytical platform Coin98 analytics. Ethereum has generated $1.17 billion in commission income, up 155% from the first quarter of 2023, according to the report.
Although the commission’s costs came to about $666 million, the company’s net profits were $1 billion. Not only did the network’s daily active user count rise to over 404,000, but its daily transaction volume also exceeded 1.18 million. The first quarter of 2024 saw the minting of nearly 4.8 million NFTs on Ethereum, according to Coin98 Analytics. These data demonstrated the widespread acceptance of Ethereum in the first quarter of 2024.
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