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Data: Ethereum's Network Revenue Drops 44% MoM in August
Summary: According to Cointelegraph citing Token Terminal data, Ethereum's network revenue in August was around $14.1 million, a decrease of about 44% from July's $25.6 million. The report states that the Dencun upgrade significantly lowered L2 settlement costs, a key reason for the decrease in fees and revenue. Nevertheless, ETH price hit a new all-time high ...
According to Cointelegraph citing Token Terminal data, Ethereum's network revenue in August was around $14.1 million, a decrease of about 44% from July's $25.6 million. The report states that the Dencun upgrade significantly lowered L2 settlement costs, a key reason for the decrease in fees and revenue. Nevertheless, ETH price hit a new all-time high of $4,957 on August 24.
