Over 40% of Ethereum mining revenue in August came from fees
September 7, 2020, 11:33AM EDT
1 min read
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.