Ethereum miners reach $1.29 billion in revenues in March
Ethereum miners brought in a total of $1.29 billion in March in revenue.
Revenues increased month-over-month by 7.2%. They had been on a declining trajectory since November of 2021, when the revenue total was $2.07 billion.
Ethereum miners generated about 1.08 times more in revenue than Bitcoin miners in March.
Most of these revenues came from the block subsidy ($1.21 billion) and only a small portion from transaction fees ($78.27 million) and uncle rewards ($58.23 million). Transaction fees decreased to 5.9% of total revenue.
Total revenues were $2.07 billion in November 2021 and have declined since. They hit an all-time high in May 2021, with a total of $2.4 billion.
For more must-read figures from around the digital asset space, read the March by-the-numbers breakdown by The Block Research’s Lars Hoffmann (Research subscription required).
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: Catarina Moura
