Bitcoin miners’ revenue fell sharply in May to $963 million, a 46% drop
According to data from The Block Pro, Bitcoin miner revenue decreased by 46% to $963 million in May due to the impact of the Bitcoin block reward halving in April. In addition, Ethereum staking revenue increased by 4.1% to $267 million. Furthermore, the Ethereum network burned 26,747 ETH in May, worth approximately $91.7 million. Data shows that since the implementation of EIP-1559 in early August 2021, Ethereum has burned approximately 4.3 million ETH, worth about $12.1 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Phantom issues emergency patch after update knocks users from iOS wallet app
This app introduces new DeFi strategies, including those powered by RWAs
U.S. money market fund assets exceed $7 trillion for the first time
SEC Chairman Gary Gensler Makes Final Lobbying Call for US Crypto Regulation