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Learning & News => News related to Crypto => Topic started by: Lenipiw on September 04, 2020, 05:04:19 PM

Title: ETH miner revenue reaching a new all-time-high may be bad news for low volume
Post by: Lenipiw on September 04, 2020, 05:04:19 PM

Is DeFi a mousetrap for retail investors? On September 2, the revenue of Ethereum (ETH) miners reached an all-time high of 51,541 ETH. While this may be good for the miners, it could turn popular DeFi projects into a mousetrap.
When denominated in USD, these numbers are still below the record set on January 10, 2018 — when miners earned $32 million versus $23 million on September 2. The price of ETH at the time was approximately three times the current rate. However, what is more significant is that in 2018, only 12% of the revenue came from transaction fees — yesterday this metric stood at 74%.
Visit here: https://cointelegraph.com/news/eth-miner-revenue-reaching-a-new-all-time-high-may-be-bad-news-for-low-volume-yield-farmers

Title: Re: ETH miner revenue reaching a new all-time-high may be bad news for low volume
Post by: highnayem34 on September 10, 2020, 03:14:15 PM

The demand for the network is at its highest level since creation in 2015. The amount of gas used is two times higher and the price of gas is five times higher than what it was during the 2018 peak. This fresh application of stress on the network is generated by the DeFi boom; the biggest crypto trend of 2020.