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Ethereum Dominates Q1 Revenue During Q1, Ethereum proved its dominance once again, emerging as the clear leader in revenue generation among Layer 1 blockchains. Driven by its widespread adoption and high gas fees, Ethereum recorded an impressive revenue of $457 million. This figure was nearly 2.8 times higher than the combined revenue of all other featured Layer 1 chains. advertisement Ethereum remained the leader in most key financial and ecosystem metrics including market cap, revenue, DeFi TVL and volume, NFT volume, and full-time developers. Ethereum scored a 22 in DeFi Diversity, followed by Polygon (19), Solana (18), and BNB Chain (16). Hedera (HBAR) Growth In Q1’23 While Ethereum dominated in terms of total revenue, the standout performer in Q1 was Hedera Hashgraph (HBAR). Hedera experienced an extraordinary revenue growth rate of 489% quarter-on-quarter (QoQ) . This significant increase can be attributed to the adoption and utilization of Hedera...

Hedera’s New Governing Council Member COFRA, which predominantly caters to the end user, has joined the Governing Council of Hedera (HBAR) and intends to create cutting-edge blockchain-based solutions on Hedera — initially focused on tokenization and bringing transparency in their supply chain process. The organization will supposedly make use of Hedera’s proprietary Token Service (HTC) to issue or tokenized real-world assets. advertisement 1/ We are excited to announce that COFRA Holding – the @ca_europe parent enterprise with >60,000 employees and business in real estate, sustainable food, clean energy, fashion, private equity, & asset management – has joined the # Hedera Governing Council.https://t.co/jVoZazQhmB — Hedera (@ Hedera ) May 17, 2023 Recommended Articles Crypto Telegram Channels List 2023 [Updated] Must Read ...