{"id":50537,"date":"2021-10-01T19:22:35","date_gmt":"2021-10-01T16:22:35","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=50537"},"modified":"2025-09-02T18:38:38","modified_gmt":"2025-09-02T15:38:38","slug":"ethereum-miners-post-record-fee-revenue-in-september","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ethereum-miners-post-record-fee-revenue-in-september\/","title":{"rendered":"Ethereum miners post record fee revenue in September"},"content":{"rendered":"<p>Ethereum miners&#8217; total revenue in September rose 28% to a record $2.42 billion. The driver was record fee income ($1.07 billion), whose share rose to 41.3%.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/IuGcQ0QTmQCCGQC_8pR1pScGxwW97LJdqTfC8QyheWKOobxAMEDdqYFjGTtcl7WrmIUZH2vSZ9YqPqYunTP2G8fE9GfxlwoFCR5Ic5cxsWo-vkH94n5L8Wv0cqGlsC51nXGF3ZLV=s0\" alt=\"Ethereum miners post record fee revenue in September\"\/><figcaption><meta charset=\"utf-8\">Data: ForkLog.<\/figcaption><\/figure>\n<p>The previous record for miner revenue in the second-largest cryptocurrency by market cap ($2.39 billion) <a href=\"https:\/\/forklog.com\/en\/news\/ethereum-miners-may-revenue-hits-a-record-2-39-billion\">was recorded<\/a> in May.<\/p>\n<p>Growth in fee revenue continued amid a boom in the <span data-descr=\"short for Game Finance\" class=\"old_tooltip\">GameFi<\/span> and <span data-descr=\"non-fungible tokens\" class=\"old_tooltip\">NFT<\/span> segments,<\/a> while in the DeFi sector Ethereum began to feel competition from a number of other projects, where in September <span data-descr=\"locked assets\" class=\"old_tooltip\">TVL<\/span> rose.<\/p>\n<p>Growth was tempered by the activation on 5 August of the <a href=\"https:\/\/forklog.com\/en\/news\/ethereums-london-hard-fork-goes-live\">London<\/a> hard fork of the EIP-1559 proposal, which provides for burning part of the fees. On the date of writing, a total of <a href=\"https:\/\/ultrasound.money\">410 668 ETH<\/a> has been burned.<\/p>\n<p>Support for block revenue came from Ethereum&#8217;s rise to $4000. The asset&#8217;s price is currently around $3,200.<\/p>\n<p>Total miner revenue for the first cryptocurrency in September reached $1.308 billion, down 3.8% from August.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/nw2ZNFv-0QXtAEvn5SGSk6EkAA2uoYVlWuF2k2VUxv82EnlwMCv04FJeO6th88UordwKbt-syEah1hD4m541bGVGPIIhwXdlILhmPcXj9gXzCn8atPUZ2nxt2LOQsWKy_FgwD01t=s0\" alt=\"Ethereum miners post record fee revenue in September\"\/><figcaption><meta charset=\"utf-8\">Data: ForkLog.<\/figcaption><\/figure>\n<p>The share of fees in revenue rose from 1.32% to 1.5% after four months of decline.<\/p>\n<p>Movements in block revenue were influenced by the failure to hold above $50,000 and a subsequent retreat to $40,000. Support came from a moderate recovery in Bitcoin mining difficulty. <\/p>\n<p>Earlier, Compass analysts forecast that after the hard fork Ethereum miner revenue <a href=\"https:\/\/forklog.com\/en\/news\/expert-ethereum-miners-revenues-to-fall-20-30-after-london-hard-fork\">would fall by 20-30%<\/a>.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum miners&#8217; total revenue in September rose 28% to a record $2.42 billion. The driver was record fee income of $1.07 billion, whose share rose to 41.3%.<\/p>\n","protected":false},"author":1,"featured_media":50538,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,46,1343],"class_list":["post-50537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-ethereum","tag-income"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/50537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=50537"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/50537\/revisions"}],"predecessor-version":[{"id":50539,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/50537\/revisions\/50539"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/50538"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=50537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=50537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=50537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}