BREAKING_ Ethereum miners earned $500,000 transaction fees in an hour

1. BREAKING: Ethereum miners earned $500,000 transaction fees in an hour In August, Ethereum transaction fees have risen more than 38 times hitting $113 million, thus resulting in huge gains for Ethereum miners Ethereum miners have not stopped smiling to the bank with the latest being as they earned as much as $500,000 in transaction fees in an hour. According to recent data from Glassnode a blockchain and ​cryptocurrency analytic firm, Ethereum ​miners received $8,124,365 in transaction fees as of August 31st. Of these record fees, Ethereum miners earned $500,000 within an hour representing a new record high for a single hour. However, the cryptocurrency analytics firms state transaction fees it reported earlier this year. Furthermore, mean transaction fees network users pay to miners is approaching its latest all-time high in last month August. Recent data shows mean transaction fees is $6.57. This is just slightly below the $6.68 of August 13. For context, as of April, transaction fees on Ethereum network was only $3 million. Fast forward to four months later in August, transaction fees have risen more than 38 times hitting $113 million. Total transaction fees have also surpassed previous all-time high in Jan 2018 by 1.8 times. Ethereum miner transaction fees overshadow Bitcoin miner fees. Compare this with Bitcoin, and the growth becomes even clearer. Bitcoin miners earned $39 million in August, almost three times less. Much of this growth on Ethereum is because of the recent DeFi boom. This is evident in that this excludes anomalous

2. how Uniswap and other DeFi protocols consume gas reported by Ethgasstation. Read More: https://cryptodose.co/breaking-ethereum-miners-earned-500000-transactio n-fees-in-an-hour/