Data: Ether L1 Revenue Falls to $200,000 Per Day, Down 99% in Six Months
According to Token Terminal, ETH Layer1 revenues have plummeted, dropping 99% since March 2024. on March 5, the network's revenues peaked at more than $35 million. On Sept. 2, daily revenues fell to about $200,000, the lowest daily revenue point of the year.
Bitcoin investor Fred Krueger noted that ethereum's current daily fee revenue of $200,000 equates to $73 million per year, far from enough to sustain its $300 billion market capitalization.
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.
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