Please enter CoinGecko Free Api Key to get this plugin works.

Data shows that Ethereum grew to 11-digit revenue twice as quickly as Amazon

Ethereum (ETH) supporters highlighted why they believe Ether is undervalued in comparison to Visa and Amazon.

Ethereum (ETH) is growing faster than Amazon, with a higher TAM, and a market cap that is nearly five times lower.
Despite the recent drop in the price of Ethereum, the Ethereum 2.0 deposit contract has exceeded Toyota in terms of market capitalization.

Check out these numbers: on the eve of the switch to proof-of-stake (PoS) consensus, Ethereum’s (ETH) ecosystem is growing faster than Amazon’s (AMZN) in its initial years.

Ethereum (ETH) is growing faster than Amazon, with a higher TAM, and a market cap that is nearly five times lower.

The Ethereum (ETH) network reached 11-digit valuation considerably faster than the leading Web2 company, according to anonymous Ethereum (ETH) enthusiast @odin free, a community activist of StarkNet scaling solution.

In less than 80 months, Ethereum (ETH) made $10 billion in income. This feat took twice as long for Amazon, a digital conglomerate.

Analyst Adriano Feria, a software engineer and another advocate of Ethereum (ETH), presents two more measures that show Ethereum’s economy is far healthier and more promising than Amazon’s.

The market capitalization of Amazon is $1.55 trillion. # The market capitalization of Ethereum is $335 billion dollars. $ETH’s revenue has increased twice as quickly as Amazon’s in its early years, it has a far greater TAM, yet its market valuation is only 23% of $AMZN’s.

Although Ethereum (ETH) has a market valuation of only 23% that of Amazon, it has a far larger total addressable market (TAM) and grows significantly quicker.

Despite the recent drop in the price of Ethereum, the Ethereum 2.0 deposit contract has exceeded Toyota in terms of market capitalization.

In 2021, Ethereum (ETH) handled 4.5 times more transactions than the Visa card system, according to anonymous Web3 enthusiast @tom49coffee.

At the same time, Visa’s market capitalization is 33% greater than Ethereum’s (ETH).

The Ethereum (ETH) price fell below $2,900 yesterday, amidst the gruelling downturn of crypto and equities markets. Despite this, the Ethereum 2.0 deposit contract set new records in terms of value locked on a regular basis.

 

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

Leave a Comment

Your email address will not be published. Required fields are marked *

Facebook
Twitter
Telegram

Recent Posts

Follow Us