ETH Network Q1 Revenue Grew 46% to $2.4 Billion, Token Inflation Rate Drops to 0.51% – Markets and Prices Bitcoin News

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ETH Network Q1 Revenue Grew 46% to $2.4 Billion, Token Inflation Rate Drops to 0.51% – Markets and Prices Bitcoin News
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The ETH network’s inflation rate — a metric that measures the net change in the supply of ethereum tokens — has consequently dropped from 1.10% to 0.51%. tokenburn eth inflationrate

The revenues accrued by the Ethereum network rose by 46% from $1.6 billion to $2.4 billion during the first quarter of 2022. Contributing to the growth in the network’s revenues were non-fungible token marketplace sales, which rose by more than 19,000% during the period under review.Ethereum’s revenues rose by 46% from $1.6 billion to $2.4 billion during the first quarter of 2022, a new report by Bankless has said. According to the report, about 87% or $2.

network’s inflation rate — a metric that measures the net change in the supply of ethereum tokens — dropped from 1.10% to 0.51% during Q1.

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