Ethereum mining revenue grew 65.1% between January and February. During that time, transaction fees grew 122.1%. Ethereum mining revenue often features a relatively high ratio of transaction fees to block subsidies. Of the total revenue in February, $722.8 million, or 52.8%, came from fees. The remaining $644.4 million came from block subsidies. Meanwhile, The Block recently reported that Ethereum’s top mining pools remain divided on whether to reduce miner transaction revenue through the Ethereum Improvement Proposal (EIP)-1559.
Read how total Ethereum mining revenue reached a record-breaking $1.37 billion in February 2021 on The Block Crypto.
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