Ethereum miners generated $214M in revenue in October

Ecosystems•November 3, 2020, 11:15AM EST
UPDATED: November 3, 2020, 11:17AM EST
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Ethereum miners generated $214M in revenue in October
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Ethereum miners accrued $214 million in revenue in October, down from $321 million in September, according to data compiled by The Block. 

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Last month, miners on Ethereum saw a 66.8% drop in transaction fee revenue compared to September, from $171 million to $57 million.

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Compared to September, transaction fees on Ethereum, as a share of total miner revenue, dropped from 53.4% to 26.5% in October.