Ethereum Transaction Fees Exceed Block Rewards, Network Utilization Stands at 96%

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ETH Gas Cost Set for New Annual ATH 350x209 3

For the first time in Ethereum’s history, miners earned a record 30,500 ETH on Aug 12 as revenue from transaction fees – at 17,000 ETH ($6.87 million), exceeded block rewards — which stood at 13,500 ETH.  DeFi and DEXes Activities on the Rise The spike in transaction fees saw the previous record posted during the

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