Revenue analysis of L1 blockchains: Ethereum and Tron dominate volumes thanks to crypto Pepe
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In the second quarter of 2023, the memecoin mania unleashed by the PEPE crypto led the layer1s Ethereum and Tron to record a surge in volumes and revenue, up sharply from the previous quarter. Especially in May, Ethereum validators thanked crypto frog Pepe for creating the conditions for stellar revenues. Let’s look at all the details together. Ethereum and Tron top the list of most profitable L1s: Pepe crypto triggers volume boom Blockchain research firm Messari highlighted how the memecoin mania triggered by the advent of the PEPE crypto created many benefits for Ethereum and Tron infrastructures during Q2 2023
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