Ethereum miners’ revenues continue to grow amid increased activity in the decentralized finance (DeFi) arena.
As reported by The Block, ether miners’ commission revenues hit a new high 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 yesterday.
The historical maximum 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, commenting on recent trends, said that the commissions reflect the current level of demand for network resources.