Over 40% of Ethereum mining revenue in August came from fees
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Ethereum miners generated $285.1 million in revenue in August, representing a month-over-month increase of 98.2% and a 25-month high, according to research from The Block.
Source: Coin Metrics, The Block Research
Last month, transaction fees on Ethereum increased significantly, fueled by the yield farming mania. Fees as a percentage of mining revenue reached an all-time high of over 40.5% of the total revenue, compared to 10% in May.
Source: Coin Metrics, The Block Research
