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\t\t\t\t\t\t\t\tPosted: September 16, 2023 You may have heard the phrase \u201cthe crypto market is still in its early stages.\u201d But have you ever wondered how successful Ethereum [ETH]<\/a> could be when the market fully realizes its potential?<\/p>\n Is your portfolio green? Check out the Ethereum Profit Calculator<\/a><\/p>\n Ethereum<\/a> was still focused on the long-term goal of mass adoption. Achieving this goal could generate robust growth from a revenue point of view. The reason why there are such high expectations for Ethereum is because layer 1 networks are built to secure value in WEB3. A departure from the WEB2 approach which mainly provides value to the application layer.<\/p>\n To demonstrate how Ethereum\u2019s protocol layer has been benefitting, the WEB3 Academy conducted an analysis of how the blockchain is benefiting from Base and FriendTech. The latter is a WEB3 social application that is among the fastest growing projects and it operates on the Base network. However, the latter relies on Ethereum to process transactions.<\/p>\n According to WEB3 Academy\u2019s breakdown of FriendTech\u2019s revenue sharing, Ethereum receives a substantial amount.<\/p>\n How FriendTech\u2019s $148 Million Volume & 4.1 Million Transactions Benefitted an Entire Ecosystem. \ud83c\udf10<\/p>\n Onchain Value Accrual: THE MOST important concept in web3, that nobody is talking about.<\/p>\n Bookmark this tweet & come back to it because this is the most important lesson we will\u2026 pic.twitter.com\/eQGKKrBm7B<\/a><\/p>\n \u2014 Web3 Academy \ud83d\udfe3 (@web3academy_) September 14, 2023<\/a><\/p>\n<\/blockquote>\n The same analysis suggested that Ethereum may experience exponential dApp growth in the next 10 years. If that is the case, Ethereum holders and stakers stand to reap the benefits over time. In other words, ETH\u2019s long-term prospects look quite promising especially if it achieves mass adoption.<\/p>\n Unsurprisingly, the supply of ETH held by top addresses has been growing steadily over the last 12 months. In fact, it is now at its highest point so far this year. In contrast, network growth slowed down largely reflecting the overall short-term headwinds<\/a> across the market. The Ethereum network growth figure, at the time of writing, was at its lowest level in the last 12 months.<\/p>\n Source: Santiment<\/p>\n<\/div>\n Note that Ethereum\u2019s network growth is subject to prevailing market conditions. It is often high during highly volatile market conditions, especially during bullish periods which also tend to attract more projects.<\/p>\n How many are 1,10,100 ETHs worth today<\/a><\/p>\n
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Assessing key Ethereum growth metrics<\/strong><\/h4>\n
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