Ethereum Miners Made $285 Million From Fees in August

Miners on the Ethereum network generated over $285.1 million in revenue this August, representing a month-over-month increase of 98.2% and a 25-month high, according to research from The Block. As the source noted, miners on the Ethereum network generated over $285.1 million in revenue this August, representing a month-over-month increase of 98.2% and an almost two-year high.

Gas expenses on the Ethereum blockchain have been unnecessarily high and a couple of days back charges were upwards of $10-15 for each exchange. Meanwhile, Ethereum developers are already discussing methods to lower the high gas fees involved to run the network – representing a critical point.

Timeline of Ethereum, Gas