Ethereum Far Outpacing Axie Infinity and Every Crypto Project on Record With $900,000,000 30-Day Revenue Milestone.
30 Oct 2021, 08:00
Ethereum Far Outpacing Axie Infinity and Every Crypto Project on Record With $900,000,000 30-Day Revenue Milestone
Ethereum’s (ETH) October protocol revenue is dwarfing Axie Infitinty (AXS) and other crypto protocols.
Data collected by crypto metrics site Token Terminal shows that the second-largest cryptocurrency by market cap’s protocol revenue over the last 30 days reached $932.8 million.
Ethereum’s October revenue intake is more than five times that of the play-to-earn blockchain platform Axie Infinity, which saw nearly $185 million in revenue during the same timespan.
Source: Token TerminalEthereum-based decentralized exchange dYdX (DYDX) saw the third-highest protocol revenue over the past month at $70.4 million, followed by OpenSea at $62.7 million and PancakeSwap (CAKE) at $20.5 million.
Ethereum competitor Avalanche (AVAX) enjoyed the 16th-highest protocol revenue at $2.9 million.