Ethereum miners’ revenue has grown to a record high since early February 2021. It has already exceeded $ 1 billion, according to a review by the Block Research team.
In the form of transaction fees, miners received approximately $ 541 million this month. Fees surged amid a surge in user activity on the Ethereum network, which led to its restart.
According to BitinfoCharts, on February 22nd, the average commission rate exceeded $ 30, the highest in the history of ETH.
The blockchain overload is the result of another sharp increase in the number of daily transactions. Now the network, on average, processes about 1.275 million transactions daily.
Researchers expect February this year to be the record-breaking month for Ethereum miners, as their earnings are likely to continue to climb over the next few days.
At the end of last month, mining pools were able to earn about $ 800 million. Of this amount, $ 311 million are commissions for processing ethereum transactions.
Stay in touch! Subscribe to Cryptocurrency.Tech in Telegram.
Discuss current news and events at the Forum