The single-day high for May was in the region of $40.53 million and this was 32% lower than the best day high of $60.16 million in January 2022.
May 2021 saw approximately $2.4 billion in revenue generated, while 2022’s figure dipped by 57%.
Ethereum mining revenue decreased from April 2022 because of trading in the range of $2,000 to $3,000 in the first 11 days of May.
In April 2022, Ethereum traded in the range of $3,000 to $4,000 per coin for the majority of days.
On the other hand, Bitcoin spent the first nine days of May trading in the range of $30,000 to $40,000.
As a writer, researcher, and analyst of centralized and decentralized financial instruments , he started experimenting with financial asset trading in 2011.