Ethereum miners made 450K ETH from high network fees during DeFi peak

Ethereum miners made 450K ETH from high network fees during DeFi peak

On-chain data shows Ethereum miners saw a 39% surge in revenue as fees soared during the DeFi craze. Ether (ETH) miner revenue skyrocketed during the month of September according to data from glassnode, an onchain analytics resource. While the price of Ether did not rise significantly during this time, miners on the Ethereum network saw their revenue increase due to high fees. Miners took home 450,089 ETH in fees ($168.7 million) and this represents a 39% increase over last month in which miners made roughly $113 million in fees. During the same period, Bitcoin miner revenue from fees not....


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