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 found that this significant increase is mainly due to higher transaction fees amid the hype around decentralized finance protocols, driven by profitable pharming.
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A significant jump in the level of fees led to the fact that in August commissions accounted for more than 40.5% of the income from Ether mining. This is almost twice as much as in July (23%) and four times more than in May (10%).
Despite the high current demand for Ethereum platform products, co-founder Vitalik Buterin is concerned about the excessively high inflation of DeFi tokens putting too much pressure on the price.
, Shutterstock, graphic: The Block