Ethereum miners earned on commissions in September $166 million

Eth miners have earned $166 Milln at commissions in September is a record amount in the history of the existence of the Ethereum. Defi market boom has become the main factor in miner income growth.

According to the data
Glassnode, Ethereum miners recorded the highest income level from commissions in September 2020 of the year. Increased network activity due to the paper of the Defi industry and individual smart contracts led to an increase in the profit of miners.

“Ether miners earned in September $166 Milln at the commissions for transactions - this is a new record. This is on 47% more compared to the previous maximum in August. For comparison: Bitcoin miners earned on commissions $26 million – The difference is more than in 6 time!», – From the message
On Twitter Glassnode.

The growth of miners' income was the result of an increase in trade activity in Defi projects and in NFT tokens as a result of attracting huge retail capital.

"Due to the boat of the Defi commission for transactions and the profit of miners, they really grew up", – said the operating director of the Hashr8 mining company Thomas Heller (Thomas Heller).

In March and April of this year, the miners of the Ethereum earned on the commissions on average $4 million. Profit began to grow in June and July, when Defi projects began to be more popular. According to Glassnode, Miners earned at the commissions $22 million and $32 million in June and July, respectively.

Recall, that the miners of the etherium in only one day 17 September earned
at the commissions 42 763 ETH, equivalent $16 Milln at the time at that time.