Blockchain Generated $200M In The Third Quarter
Ethereum revenue “fell off a cliff” in the third quarter of 2022, squeezing staking yields in the process, according to a recent report from crypto research firm Messari.
Ethereum generated almost 137,000 ETH in transaction fees, also known as “gas fees,” between July and October, down from a million-plus in the first three months of the year. The drop was most pronounced between the second and third quarters, with fees dropping 74%.
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