1/ Ethereum has a market cap of $210B. ETH generated $1.75B of revenue YTD-21. That’s already 3x the $600M earned during FY-20. At this pace, ETH FY-21 revenue is set to grow 1,400% YoY and top $9B.
2/ Putting this data into context:
Salesforce (Cloud 1.0): $195B market cap with FY-21E revenue of $21B (25% YoY growth).
Ethereum (Cloud 2.0): $210B market cap with FY-21E revenue of $9B (1,400% YoY growth).
Which high growth cloud investment would you buy?
Salesforce (Cloud 1.0): $195B market cap with FY-21E revenue of $21B (25% YoY growth).
Ethereum (Cloud 2.0): $210B market cap with FY-21E revenue of $9B (1,400% YoY growth).
Which high growth cloud investment would you buy?
3/ Only 3% of ETH is currently being staked right now. Other PoS chains have 60% or more. As more ETH gets staked that’s going to reduce supply and create demand for earning staking rewards.
4/ After EIP 1559, that $9B of ETH demand for transaction fees will Instead get burnt - that’s bullish.
5/ Lots of folks are questioning how crypto network fee revenue can be comparable to revenue, profit and valuation of a company. Explanation 👇🏻👇🏻👇🏻
https://twitter.com/David_Grid/status/1369691913213853698
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