News list for "network fee"
Ethereum revenue, the share of network fees generated by Ethereum, fell by around 44% in August due to token destruction, even as the price of ETH reached an all-time high. According to Token Terminal, total revenue exceeded $14.10 million in August, down from $25.60 million in July. The revenue drop comes as ETH is up 240% since April and hit an all-time high of $4,957 on August 24. It fell from about $49.60 million in July to about $39.70 million in August.
According to the official announcement, Binance said that "due to the congestion of the Ethereum network during the PFVS airdrop, resulting in high network fees incurred by transactions, Binance Wallet has issued a total of 147,654.99 USDT to users whose network fees exceeded 10 USDT during this period. The subsidy distribution work has been completed, and users can check it on the spot account of Binance's official website. (Subsidies for users in some unsupported regions will be sent to the Bi...
