Ethereum's revenue witnesses growth over the last quarter. However, declining activity on the network could cause problems, going forward.
However, NFT volumes surged as floor prices for blue chip NFTs fell.network witnessed a growth in recent months. The introduction of the Shapella upgrade, which facilitated staking withdrawals from the beacon chain, has further stimulated interest in the protocol.One area where Ethereum witnessed the most amount of growth was revenue. Based on Ethereum’s, there was a substantial increase of 56% in total fees during Q2. Furthermore, Ethereum demonstrated a remarkable gross profit margin of 84%.
However, despite the growth showcased in terms of revenue, there was a slight decline in activity observed in the protocol. Based on recent data, Ethereum’s daily active users experienced a year-on-year decline of -3% and a quarterly decline of -4%. Additionally, the average daily transactions decreased by -4% compared to the previous year and -1% compared to the previous quarter.
Regardless, DAUs across the Ethereum Ecosystem have witnessed significant growth, doubling in numbers. Layer 2 Protocols such as
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