In the early morning of May 7, the price of Ethereum exceeded US$3,600, with a market value of over US$400 billion, setting a new record high again. Data shows that Ethereum's current global market value ranking has risen to 17th, surpassing Wal-Mart ($395 billion), and second only to Johnson & Johnson ($439.9 billion) and Samsung ($434.9 billion).

As the leader in cryptocurrency, Bitcoin's market volatility has always been regarded as the vane of the crypto market. To put it simply, if Bitcoin rises, other currencies will also rise; if Bitcoin falls, other currencies will also fall. However, this time Ethereum is a bit different. The price of Bitcoin has continued to fluctuate recently, but the price of Ethereum has risen sharply.

But then again, who doesn't walk independently when he grows up? The prosperity of Ethereum's own ecology is one of the main factors driving up its price, and our Ethereum has finally been regarded as promising.

Last week, there was market news that the European Investment Bank (EIB) was planning to use the Ethereum network to issue digital bonds worth 100 million euros (121 million US dollars). Although it has not yet been officially confirmed, it shows to a certain extent that the traditional financial world's acceptance of Ethereum is deepening. For Ethereum, it is undoubtedly a good thing.

Of course, as Ethereum continues to set new historical highs, it also promotes the prosperity of Ethereum's own ecology. For miners, this is obviously also a good thing, which means that miners’ earnings are expected to rise sharply. The most important thing is that the market of Ethereum deviates from the market trend of Bitcoin, and will no longer follow the decline and rise of Bitcoin, which releasing a positive signal that Ethereum is taking a new step towards the mainstream market.

Just like the price of virtual currency, the income of Ethereum miners is also breaking new highs. According to the data collected by The Block, the monthly data as of April 30 shows that ETH miners received $1.59 billion in mining revenue, and this data may be slightly higher by the end of the day. This figure exceeds the previous high of $1.38 billion reported in March. Of the US$1.59 billion, US$702 million came from transaction fees.

At present, ETH mining products on the RHY platform are also very popular, including mining machine leasing and HashRate, which can meet different needs of miners. If you want to participate in ETH mining, you can consult customer service.

최신 기사