Ethereum (ETH) enthusiasts explain why Ether may be undervalued compared to Visa and Amazon
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- Ethereum (ETH) shows faster growth than Amazon, has a larger TAM and nearly five times lower market cap
- Ethereum 2.0 Deposit Contracts Overtake Toyota In Market Capitalization Despite ETH Price Drop
On the eve of the transition to a proof-of-stake (PoS) consensus, the Ethereum (ETH) ecosystem grows faster than Amazon (AMZN) did in its first years: check these numbers.
Ethereum (ETH) shows faster growth than Amazon, has a larger TAM and nearly five times lower market cap
Anonymous Ethereum (ETH) enthusiast @odin_free, a community worker at Starknet scaling solutions, observed that the Ethereum (ETH) network reached an 11-digit valuation much faster than the leading Web2 company.
Ethereum reaches USD 6.5B in revenue in 10 years, twice as fast as Amazon.
— odin-free.eth (@odin_free) February 18, 2022
Ethereum (ETH) generated $80 billion in revenue in less than 10 months. For digital conglomerate Amazon, the feat took twice as long.
Analyst Adriano Feria, software engineer and another Ethereum (ETH) supporter, shares Two more metrics that prove that Ethereum has a healthier and more promising economy than Amazon.
Amazon’s market cap: $1.55 trillion. Market cap of #Ethereum: $335 billion. $ETH revenue has grown twice as fast as Amazon’s first years, its TAM is huge, and its market cap is only 23% of $AMZN.
Although the market capitalization of Ethereum (ETH) is only 23% that of Amazon; Ethereum (ETH) has a huge total addressable market (TAM) size and grows rapidly.
Ethereum 2.0 Deposit Contracts Overtake Toyota In Market Capitalization Despite ETH Price Drop
Anonymous Web3 Enthusiast @tom49coffee couple That Ethereum (ETH) processed 4.5 times more transactions in 2021 than the Visa card system.
At the same time, Visa’s market cap is 33% larger than the market cap of Ethereum (ETH).
Yesterday, amidst a massive drop in the cryptocurrency and stock markets, Ethereum[ईटीएच]The price declined below $2,900. Despite this drop, Ethereum 2.0 deposit contracts regularly print new records in terms of locked value.
As of press time, 9,070,000 Ether is sitting in the ETH2 contract. This equates to $24.8 billion, so the Ethereum 2.0 contract has outperformed Toyota Industries (Nikkei: 6201.T) by market capitalization.