๐ Ethereum's Q3 Surge: 70% Up, But Revenue Tells a Different Story ๐
Ethereum's price has soared by 70% this quarter, marking its strongest Q3 ever. But beneath the bullish rally, August's revenue plummeted to $39.2Mโa 75% YoY decline and the lowest since early 2021.
๐ก What's Driving the Price Surge?
Speculative Momentum: Investors are riding the wave, hoping for continued growth.
Institutional Interest: Increased participation from large-scale investors.
Market Sentiment: Optimism fueled by broader market trends.
โ ๏ธ But Here's the Catch:
Declining On-Chain Activity: Lower transaction volumes and smart contract interactions.
Stagnant Network Growth: Limited increase in active addresses and dApp usage.
Revenue Discrepancy: Price gains not reflecting underlying network fundamentals.
๐ The Big Question: Can Ethereum's price continue to rise without a corresponding increase in usage and revenue? Or is this a classic case of market overvaluation?
