Earnings of Ethereum miners reached a two-year high
Larry Cermak, an analyst at the Block, reports that ETH miners earned $143.8 million in July. This is the highest figure for the last 23 months.
By the way, in recent months, the share of miners ' income is growing not from block mining, but from transaction fees. Of the total revenue of $143.8 million, revenue from transaction fees was 23%, or about $33 million.
Bitcoin miners earned $299 million last month. This is almost twice the rate of ETH miners. In July, bitcoin miners received 8% of revenue from commissions, and in June this figure was 4%. At the same time, the average transaction amount in the network of the first cryptocurrency increased by 525% over the month.
Analyst notes that in July, the volume of stablecoins also continued to grow — the total market capitalization was $13.2 billion. By comparison, it was $12 billion in June. The growth of trading volume on cryptocurrency exchanges in July also increased instantly by 51%.
Larry Cermak, an analyst at the Block, reports that ETH miners earned $143.8 million in July. This is the highest figure for the last 23 months.
By the way, in recent months, the share of miners ' income is growing not from block mining, but from transaction fees. Of the total revenue of $143.8 million, revenue from transaction fees was 23%, or about $33 million.
Bitcoin miners earned $299 million last month. This is almost twice the rate of ETH miners. In July, bitcoin miners received 8% of revenue from commissions, and in June this figure was 4%. At the same time, the average transaction amount in the network of the first cryptocurrency increased by 525% over the month.
Analyst notes that in July, the volume of stablecoins also continued to grow — the total market capitalization was $13.2 billion. By comparison, it was $12 billion in June. The growth of trading volume on cryptocurrency exchanges in July also increased instantly by 51%.