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ETH Ethereum L1 daily revenue falls to $200,000, a 99% decline in six months
According to Token Terminal data, ETH Layer 1 revenue has plummeted by 99% since March 2024. On March 5th, network revenue reached a peak of over 35 million USD. However, on September 2nd, daily revenue has fallen to about 200,000 USD, marking the lowest point in daily revenue for the year. BTC investor Fred Krueger pointed out that ETH's current daily transaction fee revenue of 200,000 USD is equivalent to only 73 million USD annually, far from enough to sustain its market capitalization of 300 billion USD.