Transaction fees accounted for 40% of Ethereum miners’ revenue

In the past month, the share of fees in Ethereum miners’ revenue rose significantly. The figure stood at 40.5%, researchers at The Block reported.

The chart below shows the rapid rise in the share of fees in miners’ revenue, which began at the start of the year.

Data: The Block, CoinMetrics.

For example, in May the figure stood at 10%. Analysts attribute the rise to the craze for profitable yield farming.

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In August, Ethereum miners’ receipts amounted to $285.1 million. The month-on-month rise stood at 98.2%.

In August, miners’ revenues reached a 25-month high. Data: The Block, CoinMetrics.

Over the past few days the number of wealthy Ethereum investors has risen.

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