Ethereum’s Cash Bonanza: Will It Moon or Go Bust? 🚀💸

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The Lowdown on Ethereum’s Gold Rush 🤑

What’s Filling Ethereum’s Coffers? 🤔

Stablecoins, stablecoins, and more stablecoins-USDT and USDC leading the charge like a couple of wild mustangs. 🐎🐎

Will ETH Ride This Wave to Glory? 🌊

Tom Lee says “Yeehaw!” but Coinbase analysts are humming a different tune, betting on BTC to steal the show. 🤠🎶

Well, butter my biscuit, Ethereum [ETH] is making headlines again! This time, it’s not about another gas fee fiasco but a record-breaking app revenue spree. According to Growthepie’s data, the Ethereum mainnet raked in a cool $48 million per day on October 14th, leaving its 2022 record of $41 million in the dust. 🌪️💰

And what about those Layer 2s? Turns out they’re not the big bad wolves everyone thought. They only snagged 14% of the revenue share, proving Ethereum’s still the sheriff in town. 🦹‍♂️

Analyst Joseph Young chimed in, calling it a “positive flywheel” of scaling. He said, “It’s a positive flywheel working: high throughput → low fees → more usage → more value. Ethereum isn’t just scaling. It’s accelerating as an economic machine.” 🚂💨

But hold your horses-at the time of writing, Ethereum’s revenue had dipped to $35 million per day. Seems the market decided to take a nap. 😴

Ethereum vs. The Rest: Who’s the Big Dog? 🐶

Digging deeper, we find that stablecoin swaps are the real MVPs, accounting for half the revenue-a whopping $46 billion in October alone. 🏆

But wait, there’s more! Hyperliquid [HYPE] is still flexing, grabbing 30% of the total network revenue in the last 30 days, while Ethereum settled for 21.5%. Binance [BNB] came in third with 16%, and Solana [SOL] and Tron [TRX] tied for fourth at 11%. It’s a blockchain brawl out there! 🥊

On the protocol front, Tether, Circle, and Sky (formerly Maker) are running the show on Ethereum’s revenue stage. 🎭

Will ETH’s Price Catch the Rocket? 🚀

Tom Lee’s betting his boots on Ethereum’s price soaring, thanks to stablecoins and tokenization. His firm, BitMine, is sitting pretty with 3.4 million ETH. But Coinbase analysts are throwing shade, predicting BTC will hog the spotlight in the mid-term. 🌞🌚

“We thus anticipate a gradual increase in Bitcoin dominance over the next 2-3 months, which may exert downward pressure on ETH/BTC and alt/BTC pairs before an eventual market rotation.”

So, will Ethereum moon or go bust? Only time will tell. Until then, grab your popcorn and enjoy the crypto circus! 🍿🎪

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2025-11-10 10:30