Ethereum’s layer-1 network has witnessed a drastic decline in revenue, plummeting by 99% since March 2024. Data from Token Terminal reveals that network revenue peaked at over $35 million on March 5. However, by Sept. 2, daily revenue had plunged to a yearly low of around $200,000. Market observers attribute this decline to the growth […]
The post Ethereum’s network revenue plunges by 99%, sparking ‘death spiral’ concerns appeared first on CryptoSlate.
Originally appeared here:
Ethereum’s network revenue plunges by 99%, sparking ‘death spiral’ concerns