Ethereum Has Grown Faster Than Amazon
The largest altcoin, Ethereum, has grown faster than Amazon. Analyst Adriano Feria made an explanation regarding the subject.
On the eve of the transition to proof-of-stake (PoS) consensus, Ethereum's (ETH) ecosystem is growing faster than Amazon (AMZN) did in its early years. Anonymous Ethereum (ETH) enthusiast @odin_free, community activist for the StarkNet scaling solution, noticed that the Ethereum (ETH) network is reaching 11-digit valuations much faster than the leading Web2 company.
Ethereum (ETH) has generated $10 billion in revenue in less than 80 months. For
Amazon, that success took twice as long. Analyst Adriano Feria, software engineer and another Ethereum (ETH) supporter, shared two more metrics that prove Ethereum has a much healthier and more promising economy than Amazon.
“Amazon market cap: $1.55 trillion. Ethereum market cap: $335 billion. ETH's revenue grew twice as fast as Amazon did in its early years, it has a much larger TAM, and its market cap is AMZN$' only 23% of it.”
Although Ethereum (
ETH) market cap is only 23% of Amazon; Ethereum (ETH) has a much larger total addressable market (TAM) size and is growing faster.
Anonymous Web3 enthusiast @tom49coffee added that Ethereum (ETH) processed 4.5 times more transactions than the Visa card system in 2021. Visa's market cap is 33% larger than Ethereum (ETH).