Ethereum miners set a record for monthly revenue in March after doing the same thing in February, according to data gathered by The Block.
Mining revenue totaled $1.38 billion in March, whereas February saw $1.37 billion — a 0.73% increase.
Ethereum transaction fees, as a share of miner revenue, dropped 9.94% from February to March while subsidies rose 12.89%. Of March's total revenue, 47.22% of it came from transaction fees whereas that number in February was 52.87%.
MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.
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