Exodus sees Q1 Revenue drop to $13M but Reports high Customer Loyalty
Exodus, a crypto wallet company, reported $13.3 million in revenue for Q1 2023, with a 13% decrease from Q1 2022. However, CEO JP Richardson noted growth in transactions, exchange volume, and downloads compared to an unspecified period.
VanEck Predicts Ethereum’s Annual Revenue To Reach $51 Billion by 2030, With Potential Token Price of $11.8K
Investment firm VanEck has predicted that Ethereum's annual revenue could rise from $2.6 billion to $51 billion by 2030, potentially leading to a token price of $11.8k. The valuation methodology includes cash flow projections, deductions for validator fees and taxes, and the use of a free cash flow multiple. Ethereum's potential as a store-of-value asset is explored, considering its programmability, cross-chain capabilities, and the concept of "Security as a Service". As Ethereum continues to evolve and capture market share, its role as a leading smart contract platform and a potential store-of-value asset becomes increasingly prominent in the crypto landscape.
Metaverse Industry Poised for Trillion-Dollar Growth, Despite Market Cap Losses and Speculative Investment Trends
Investors are pouring billions into blockchain-based metaverse deals, with close to $2 billion invested in 2022 alone. Industry experts predict that the metaverse industry could generate up to $13 trillion in revenue by 2030, a significant increase from the $65.5 billion global market recorded in 2022.
Binance.US Generates $410 Million in Revenue and $225 Million in Profit Since Launch
Binance.US, a cryptocurrency exchange, has reported $410 million in revenue and $225 million in profit since its launch. The exchange's financial information was disclosed in a filing by an SEC accountant, covering the period from 2019 to April 2023. The exchange is operated by BAM Trading Services.