Ethereum spot ETF was publicly listed and traded in the United States yesterday. On the first day of its debut, investors were enthusiastic, and the combined trading volume of the first nine Ethereum ETFs exceeded US$1 billion.
It is not just cryptocurrencies that are traded in the U.S. stock market in the form of ETFs. There are also more and more tracks in the entire crypto market that can prove their profitability.
As more and more profitable crypto projects emerge, the crypto market may become more and more like the U.S. stock market, with long bull markets and short bear markets.
For example, Ethereum, which has just been listed on the U.S. stock market, has a revenue of 1.4 billion U.S. dollars in half a year, and its annual revenue is expected to be 3 billion. From this perspective, a market value of more than 400 billion is also reasonable.
In fact, the income of public chains in the crypto market is not that high, and stablecoins are the ones that make a fortune quietly:
Tether, the parent company that issues USDT, made a profit of 4.5 billion US dollars in the first quarter of 2024 alone!
This profit scale ranks third among the major banks in the United States, and is higher than the income of Goldman Sachs!
As a stablecoin project in the crypto industry, it does not need to open stores and branches everywhere like traditional banks, and it has very few employees.
Therefore, the average profit generated by each Tether employee is as high as 45.2 million US dollars, which is equivalent to nearly 330 million RMB. This is not only far higher than other traditional banks, but the profit per employee would rank 15th on the Science and Technology Innovation Board!
More and more profitable projects are emerging in the crypto market, such as the meme platform Pump.fun, which generated 42 million in revenue in just three months after its launch.
DeFi projects can also generate more than $940 million in fees and $310 million in revenue in a single month:
Banana Gun, which was just launched on Binance two days ago, is an outstanding representative in this field. With the support of performance, the token has been on a bull run for nearly a year after its issuance:
While more and more projects in the crypto market are beginning to generate revenue support, our A-shares are instead becoming meme-like.
For example, after Trump was shot, Sichuan University Zhisheng and Goertek both experienced a wave of meme trends.
This has caused users of Xueqiu, which is known as a gathering place for smart investors, to ask soul-searching questions:
Come to think of it, isn’t the logic behind the rise and fall of our memes based on their names?
Moreover, the recent market of A-shares is very different from the performance of meme in our crypto market. The leading meme has increased by 280% in the first half of this year, which makes all major assets ashamed.
Not only that, the speculation methods of A-shares are becoming more and more entertaining.
Internet celebrity "Shanghai Uncle" single-handedly brought CITIC Securities to success.
It claimed that "CITIC Securities will continue to increase its daily limit in the short term from July 22 to July 25, rising to 68 yuan by the end of the year and doubling next year. The target price will be raised from the previous 450 yuan to 700 yuan, and Moutai's market value will be left far behind."
Subsequently, CITIC Securities quickly rose to the top of the popularity list, attracting a large number of investors to buy.
Big Vs shout orders, retail investors rush in, and experts reap the profits~
In our crypto circle, this operation is no longer called playing meme, but called rushing to the ground.
As of today's post, the A-share market is at 2918 points. I can give you this old picture:
