March 28, 2024

40% of Ethereum mining revenue in August came from commissions

40% of Ethereum mining revenue in August came from commissions

According to The Block, in August, Ethereum miners earned a total of $ 285.1 million, which is 98.2% more than in July and is the highest figure in the last 2 years.

The study showed that such a significantthe increase is mainly due to an increase in transaction fees amid the hype around decentralized finance protocols caused by profitable pharming.

A significant jump in fee levels has seen fees account for more than 40.5% of Ether mining revenue in August. This is almost double the July figure (23%) and four timestimes more than in May (10%).

40% of Ethereum mining revenue in August came from commissions

Despite the high current demand for productsEthereum platform, its co-founder Vitalik Buterin is concerned about the excessively high inflation of DeFi tokens, putting too much pressure on the price.

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