Ethereum

Hedera

Polygon

Notable

Rise

Research firm Messari&#8217;s Q1 2023 report reveals Ethereum&#8216;s (ETH) continued dominance in terms of revenue generation among Layer 1 Blockchains. Notably, Hedera Hashgraph (HBAR) marked a significant revenue increase, supported by its Consensus Service. 
<h2 style="text-align: justify" id="span-data-contrast-auto-8220-ethereum-8217-s-clear-leadership-in-revenue-generation-8221-span-span-data-ccp-props-201341983-0-335551550-0-335551620-0-335559739-160-335559740-259-span">&#8220;Ethereum&#8217;s Clear Leadership in Revenue Generation&#8221; </h2>
Ethereum, in the first quarter of the year, once again solidified its leadership among Layer 1 Blockchains in terms of revenue generation. Thanks to widespread adoption and high gas fees, Ethereum network generated an impressive $457 million in the first quarter. This figure is approximately 2.8 times higher than the total revenue produced by other leading Layer 1 Blockchains. 
<img decoding="async" loading="lazy" class="aligncenter wp-image-85020 size-full" src="https://en.coin-turk.com/wp-content/uploads/2023/06/ether-2.png" alt="" width="1366" height="780" srcset="https://en.coin-turk.com/wp-content/uploads/2023/06/ether-2.png 1366w, https://en.coin-turk.com/wp-content/uploads/2023/06/ether-2-298x170.png 298w, https://en.coin-turk.com/wp-content/uploads/2023/06/ether-2-768x439.png 768w, https://en.coin-turk.com/wp-content/uploads/2023/06/ether-2-1200x685.png 1200w, https://en.coin-turk.com/wp-content/uploads/2023/06/ether-2-108x62.png 108w, https://en.coin-turk.com/wp-content/uploads/2023/06/ether-2-264x150.png 264w" sizes="(max-width: 1366px) 100vw, 1366px" />
Ethereum continues to maintain its leadership in several significant financial and ecosystem measures, including market capitalization, generated revenue, <a href="https://en.coin-turk.com/ripples-cto-critiques-uniswaps-centralization-proposes-enhancements-for-v4-engine/" data-wpel-link="internal">DeFi</a> (Decentralized Finance) TVL, volume, NFT volume, and the number of full-time developers. Ethereum scored 22 points in DeFi diversity, followed by Polygon (MATIC) with 19 points, Solana (SOL) with 18, and <a href="https://en.coin-turk.com/despite-the-markets-red-days-binance-coin-holds-its-ground-whats-next-for-bnb/" data-wpel-link="internal">BNB</a> Chain with 16. 
<h2 style="text-align: justify" id="span-data-contrast-auto-8220-the-notable-detail-of-hedera-hashgraph-in-quarterly-revenue-8221-span-span-data-ccp-props-201341983-0-335551550-0-335551620-0-335559739-160-335559740-259-span">&#8220;The Notable Detail of Hedera Hashgraph in Quarterly Revenue&#8221; </h2>
Although the Ethereum network continues to dominate in total generated revenue, the Hedera Hashgraph network made a surprise leap in the first quarter. According to the report, Hedera Hashgraph saw an extraordinary 489% QoQ revenue increase. This significant growth is attributed to the adoption and usage of Hedera Hashgraph&#8217;s Consensus Service. 
Hedera Hashgraph&#8217;s Consensus Service offers a unique approach to distributed consensus, ensuring secure and scalable transactions. This service is attracting attention among businesses and developers seeking a robust and efficient Blockchain solution. 
The number of full-time developers working on prominent crypto networks declined by 4% compared to the previous quarter. Ethereum, with 1,976 full-time developers, practically equals the total of nearly all other crypto networks. However, Hedera Hashgraph, with a 28% increase to 64 full-time developers from the previous quarter, marked the highest growth among prominent networks. 
The post <a rel="nofollow" href="https://en.coin-turk.com/ethereum-dominates-in-q1-revenue-hedera-hashgraph-marks-significant-rise/" data-wpel-link="internal">Ethereum Dominates in Q1 Revenue, Hedera Hashgraph Marks Significant Rise</a> appeared first on <a rel="nofollow" href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Ethereum Dominates in Q1 Revenue, Hedera Hashgraph Marks Significant Rise

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