Miners generated an estimated $328 million in September.
Ethereum continues to outpace Bitcoin in transaction fees, with DeFi mania helping push total fees to $166 million last month.
September is the fifth consecutive monthly all-time high for Uniswap volume.
As Ethereum fees soar, a proposal to nix “gas tokens,” which let users prepay fees when they’re cheap and spend them later, is getting renewed attention.
Miners generated an estimated $368 million in August.
Large public blockchains are destined to privilege the largest, most fee-tolerant transactions at the expense of non-financial uses.
Markets excited by the prospect of declining ETH fees may have caused a surge in 0x, an Ethereum-based DEX that will benefit from decongestion.
Average transaction fees broke all-time highs as median fees hover just below its high.
The cost of transacting on the Bitcoin blockchain fell sharply last week as the network reverted to less frantic levels of activity.
DeFi trading bots create "walls of executions," resulting in higher rewards for Ethereum miners, higher profits for traders and higher fees for everyone.
Bitcoin miners earned $300 in revenue during July.
Implementing transaction batching and SegWit could have saved bitcoin companies and users $500 million in fees – if they'd just use the technology.
Mining pool Ethermine said it would never freeze transaction fees again.
Over the past two days, an unknown wallet holder has paid some $5.2 million in transaction fees for two ether transactions.
After facing a heavy load of transactions earlier this month, bitcoin's network has returned to a more normal level, recent developments suggest.