Revenue is the total amount of money a company earns from selling its products or services.
In the context of cryptocurrencies, revenue can be understood in several ways, depending on the context:
Remember, as with traditional business, revenue does not account for the costs you may have incurred to get it (like electricity and equipment costs for mining, transaction fees, or the original cost of the cryptocurrencies you sold). Profit is the revenue minus these costs.
Imagine you're running a lemonade stand. Every cup of lemonade you sell is for $1. If you sell 100 cups in a day, your revenue for that day would be $100.
So, in a nutshell, revenue is simply the total amount of money coming into a business from its main activities like selling goods or services. It's also sometimes called "sales" or "income." But it's important to remember, revenue is not profit. Profit is what remains after you subtract all the costs of running your business (like the cost of lemons and sugar for your lemonade stand) from the revenue.