UPDATE: Network revenues for both $ETH and $BTC in 2025 remain far below their 2021 peaks.
Ethereum’s annual revenue has slipped from $9.9B to just $665.6M, while Bitcoin has dropped from $1.02B to $173.4M. A clear reminder of how sharply activity cycles shift in crypto — and how far the market still is from true euphoric demand.
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UPDATE: Network revenues for both $ETH and $BTC in 2025 remain far below their 2021 peaks.
Ethereum’s annual revenue has slipped from $9.9B to just $665.6M, while Bitcoin has dropped from $1.02B to $173.4M.
A clear reminder of how sharply activity cycles shift in crypto — and how far the market still is from true euphoric demand.