{"id":36895,"date":"2021-02-23T15:22:38","date_gmt":"2021-02-23T13:22:38","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=36895"},"modified":"2025-08-29T08:41:32","modified_gmt":"2025-08-29T05:41:32","slug":"fee-share-in-ethereum-miners-revenue-tops-50","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/fee-share-in-ethereum-miners-revenue-tops-50\/","title":{"rendered":"Fee share in Ethereum miners’ revenue tops 50%"},"content":{"rendered":"

Ethereum miner revenues in February rose to a new record, topping $1 billion to date. More than half of that total came from transaction fees.<\/span><\/p>\n

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Last week #Bitcoin<\/a> continued the trend of new ATHs alongside @MicroStrategy<\/a> announcing another $1.05B convertible note to buy $BTC<\/a><\/p>\n

We also study large wallets shuffling holdings and what it may tell us RE institutional hodlers<\/p>\n

More in The Week On-chain\ud83d\udc47https:\/\/t.co\/hg22zegl71<\/a><\/p>\n

\u2014 glassnode (@glassnode) February 22, 2021<\/a><\/p>\n<\/blockquote>\n

Analysts at Glassnode, in a new report, noted that such a situation is characteristic of the start of this year. Earlier, it was observed during the so-called ‘DeFi summer’ in 2020.<\/span><\/p>\n

\\\"Share<\/p>\n

Share of transaction fees in Ethereum miners’ revenue. Data: Glassnode<\/span><\/a>.<\/p>\n<\/div>\n

The Block<\/span> The Block<\/span><\/a> noted that even without counting the remaining days in the month, Ethereum miner revenues in February surpassed<\/span> January’s record<\/span><\/a>, crossing the $1 billion mark. The driver was new price records<\/span><\/a> and high fees. <\/span><\/p>\n

Total fee income reached<\/span> $541 million, in line with Glassnode’s estimates.<\/span><\/p>\n

\\\"Dynamics<\/p>\n

Dynamics of miner revenues in the Ethereum network. Data: The Block<\/span><\/a>.<\/p>\n<\/div>\n

On February 23, the median transaction fee<\/span> reached a new record, approaching $50<\/span><\/p>\n

\\\"Share<\/p>\n

Data: Blockchair<\/span><\/a>.<\/p>\n<\/div>\n

Below are approximate gas costs for various transaction types given a median gas price of 280 Gwei.<\/span><\/p>\n

\\\"Gas<\/p>\n

Data: Dune Analytics<\/span><\/a>.<\/p>\n<\/div>\n

On the moment of writing, the approximate cost of a swap on Uniswap stood at<\/span> $229.2, and the deposit on Compound at $341.9.<\/span><\/p>\n

On February 23, median gas price reached a new record of 1440 Gwei, according to the Nansen tracker.<\/span><\/p>\n

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New record? 1440 gwei \u26fd\ufe0f pic.twitter.com\/7QWQFdn5ri<\/a><\/p>\n

\u2014 Alex Svanevik \ud83e\udded (@ASvanevik) February 23, 2021<\/a><\/p>\n<\/blockquote>\n