Ethereum miners' commission revenue in October fell by 65%

The income of the Ethereum miners from the commissions for transactions in October has more than doubled compared to September against the backdrop of a decrease in crypto activists in Defi.

According to Glassnode, Users paid $57.49 millions of transactions in the Ethereum network in October, What's on 65% Less September, When the income of miners
$166.39 million. The total amount of the paid commissions for transactions increased from $22 to $166 Milln in the third quarter against the background of the continuing growth of Defi.

Thanks to this, in September, Ethereum miners earned six times more at the commissions, than miners Bitcoin. However, the situation began to change with the slowdown in Defi growth and a decrease
volume of blocked assets.

“Transactions commissions decreased against the background of a decline in the volume of trading on decentralized exchanges, which reduced the demand for the capacity of the network ", – said the general director and founder of Celsius Alex Mashinsky (Alex Mashinsky).

According to Dune Analytics, October turned out to be not too successful for decentralized trading platforms (DEX) - trading volumes on exchanges of this type decreased
on 23%. Most DEX work on the Ethereum.