Ethereum mining revenue breaks $1 billion for the first time in February
March 1, 2021, 2:54PM EST
1 min read
Total Ethereum mining revenue reached $1.37 billion in February — a new record, according to data from The Block.
Ethereum mining revenue grew 65.1% between January and February. During that time, transaction fees grew 122.1%.
Ethereum mining revenue often features a relatively high ratio of transaction fees to block subsidies. Of the total revenue in February, $722.8 million, or 52.8%, came from fees. The remaining $644.4 million came from block subsidies.
Meanwhile, The Block recently reported that Ethereum’s top mining pools remain divided on whether to reduce miner transaction revenue through the Ethereum Improvement Proposal (EIP)-1559. While F2Pool, the third-largest ETH mining pool, F2Pool has said it supports EIP-1559 for its ability to reduce transaction revenue variability. But the largest pool, Sparkpool, opposes the proposal.
Delivering on a vision for an interoperable global standard for dollar digital currency, Circle and TRON have partnered to make USD Coin (USDC) available on the TRON blockchain, which has grown to more than 56 million accounts and nearly 2.5 billion transactions since its founding just four years ago. TRON is home to a broad ecosystem for digital assets in Asia and around the world, and the TRON community can now benefit from easy access to the world's fastest-growing, regulated dollar digital currency.
The Canadian Securities Administrators, an umbrella group for securities regulators in the country, alongside a self-regulatory organization for the investment industry, has released new guidance for crypto exchanges on the use of social media as well as advertising and marketing.
LMAX Group robust technology and familiar institutional grade trading infrastructure (currently processing over 2 billion orders per day in the global FX market) is the solid backbone of LMAX Digital, delivering access to deep institutional liquidity, transparent price discovery, a regulated trading environment and a full custodian trading solution.