Ethereum miners brought in $262 million in revenue last month

Miners on the Ethereum network made roughly $262 million in revenue during November, an increase over October's figures.

Of that amount, $64.1 million in revenue came in the form of transaction fees. Transaction fees on Ethereum spiked earlier this year amid a rise in DeFi-related activity and the associated costs of constructing complicated actions.

November marked the third-highest month for transaction fees in 2020 thus far, though it didn't eclipse September's $321.3 million. More than $170 million of the revenue made in September came in the form of transaction fees.

Read more about the major crypto data points for November in The Block Research's by-the-numbers breakdown report.