According to data compiled by analytics platform Token Terminal, it took Ethereum about seven years to generate $10 billion in revenue based on ETH spot prices, second only to Alphabet, which took about six years.
Ethereum’s revenue comes primarily from its transaction fees (measured as gas fees).
Depending on the complexity of the transaction, the network charges different gas fees.
However, the revenue generated depends on network activity – the higher the transaction volume processed, the higher the fee per block.