Ethereum miners introduced in a complete of $1.29 billion in March in income.
Revenues elevated month-over-month by 7.2%. They’d been on a declining trajectory since November of 2021, when the income complete was $2.07 billion.
Ethereum miners generated about 1.08 instances extra in income than Bitcoin miners in March.
Most of those revenues got here from the block subsidy ($1.21 billion) and solely a small portion from transaction charges ($78.27 million) and uncle rewards ($58.23 million). Transaction charges decreased to five.9% of complete income.
Whole revenues have been $2.07 billion in November 2021 and have declined since. They hit an all-time excessive in Might 2021, with a complete of $2.4 billion.
For extra must-read figures from across the digital asset house, learn the March by-the-numbers breakdown by The Block Analysis’s Lars Hoffmann (Analysis subscription required).