Helium Network’s Q3 Explosion: Token Burns, Record Revenue, and What’s Next
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- Annualized revenue hit $18.3M after Helium began burning all subscription income.
- Average daily DC burns surged 196.6% QoQ to $30,920.
- 1.2M daily users connected in Q3; mobile traffic jumped 57.3%.
Helium (HNT) just wrapped up an explosive quarter, witnessing record-breaking growth in both network usage and financial metrics. According to Messari analyst Matthew Nay, Helium recorded an annualized revenue of $18.3 million after implementing its decision to burn 100% of its MVNO subscription revenue.
This move immediately boosted the network’s burn dynamics, as average daily Data Credit (DC) burns skyrocketed by 196.6% quarter-over-quarter (QoQ) to $30,920.
Helium Prints Massive Numbers
Helium hotspots have now processed over 8.5 petabytes of data, nearly half the size of the Library of Congress, while daily mobile paid traffic surged 57.3% QoQ to 32.4 teraby…
Read The Full Article Helium Network’s Q3 Explosion: Token Burns, Record Revenue, and What’s Next On Coin Edition.
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Helium Network’s Q3 Explosion: Token Burns, Record Revenue, and What’s Next
Share:
- Annualized revenue hit $18.3M after Helium began burning all subscription income.
- Average daily DC burns surged 196.6% QoQ to $30,920.
- 1.2M daily users connected in Q3; mobile traffic jumped 57.3%.
Helium (HNT) just wrapped up an explosive quarter, witnessing record-breaking growth in both network usage and financial metrics. According to Messari analyst Matthew Nay, Helium recorded an annualized revenue of $18.3 million after implementing its decision to burn 100% of its MVNO subscription revenue.
This move immediately boosted the network’s burn dynamics, as average daily Data Credit (DC) burns skyrocketed by 196.6% quarter-over-quarter (QoQ) to $30,920.
Helium Prints Massive Numbers
Helium hotspots have now processed over 8.5 petabytes of data, nearly half the size of the Library of Congress, while daily mobile paid traffic surged 57.3% QoQ to 32.4 teraby…
Read The Full Article Helium Network’s Q3 Explosion: Token Burns, Record Revenue, and What’s Next On Coin Edition.
Read More
Bitcoin plunges to $100k, then recovers as dollar firms: $610M wiped from market