- Ethereum revenues grew significantly in Q1 despite price volatility
- ETH’s price started to see green again as network growth fell
Ethereum [ETH] took a massive hit in terms of price over the last few days. However, it’s worth looking at the bigger picture too, with the same revealing that Ethereum’s network has been doing really well, despite the recent price fluctuations.
Ethereum had a very positive Q1. In fact, Ethereum achieved a profit of $370 million from $825 million in revenue, equating to a net income margin of approximately 45%.
Ethereum revenue on the rise
If Ethereum was listed on the New York Stock Exchange or the NASDAQ, it would lead the net income margin (%) rankings, with Microsoft, Adobe, and Veeva following closely. In terms of total profits across all publicly traded software companies, Ethereum would rank sixth.
At the time of writing, Ethereum’s market capitalization stood at approximately $350…
