Data: Ethereum L1 daily revenue drops to $200,000, a 99% decline over six months

ChainCatcher news, according to Token Terminal data, ETH Layer1 revenue has plummeted, declining by 99% since March 2024. On March 5, the network revenue peaked at over $35 million. However, on September 2, the daily revenue had dropped to about $200,000, marking the lowest daily revenue point of the year.

Bitcoin investor Fred Krueger pointed out that Ethereum's current daily fee income of $200,000 translates to an annual revenue of $73 million, which is far from sufficient to sustain its $300 billion market cap.