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Ethereum miners made almost 100,000 ETH in a day

Ethereum miners made almost 100,000 ETH in a day

Daily earnings of Ethereum miners skyrocketed to a new record high of 95,182 ETH following a surge in DeFi activity.

According to Beincrypto, the key driver of such a boost was the recent ramp-up of fees on the Ethereum network. That was caused by increased sales of virtual land in the Otherside metaverse project from Yuga Labs, the developer of the Bored Ape Yacht Club(LINK). The average value of a transaction exceeded $400. As a consequence, such events played into the hands of miners.

Recall that in 2022, miners have been lucky more than once. For example, in January, a solo miner got a reward of 170.65 ETH for a block mined in the network. He made almost $540,000 at the exchange rate at that moment. Moreover, the developers delayed the transition to the Proof-of-Stake consensus, thereby letting the mining farms keep running. 

Note that recently, miners have been earning more from ETH than from BTCs. No doubt, the growing activity in the segments of decentralized finance (DeFi) and non-fungible tokens (NFT) is not the last factor here. Furthermore, we recently reported that user activity in the play-to-earn (P2E) blockchain segment soared by 2,000% year over year. Ethereum blockchain continues to be the main platform for all of these segments.

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