Ethereum miners’ revenue continued to rise in the context of the high activity in the decentralized finance (DeFi) sector.
The Block reported that Ether miners’ revenue by commissions hit a new record of $17 million on Monday. This is 3.7 times more than the records recorded in December 2017 and January 2018, when Ether traded above $1000.
Bitcoin miners earned $1.5 million in commissions on the same day. The all-time high in the Bitcoin network for this indicator was recorded in December 2017 at $21.4 million.
According to The Block analyst Larry Chermak, the increase in ether commissions may lead to an increase in the cost of mining equipment in the secondary market. In the future, this trend may have a positive effect on the shares of manufacturers, for example, AMD and Nvidia.
Ethereum co-founder Vitalik Buterin, answering on recent trends, said that the commissions reflect the current level of demand for network resources.
