Ethereum August Revenue Drops 44% Despite ETH ATH

Ethereum August Revenue Drops 44% Despite ETH ATH

Ethereum's financial performance in August underscores a growing disconnect between its surging market capitalization and the economic fundamentals underpinning its layer-1 blockchain. Despite Ether (ETH) reaching a historic high of $4,957 on August 24, Ethereum’s revenue—defined as the portion of network fees burned and thereby accruing to ETH holders—declined by approximately 44% month-over-month. Total revenue fell to $14.1 million in Augu...

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