Data: Ethereum's network revenue in August decreased by 44% month-on-month

ChainCatcher news, citing Token Terminal data from Cointelegraph, reported that Ethereum's network revenue in August was approximately $14.1 million, a decrease of about 44% from $25.6 million in July. The report stated that the Dencun upgrade significantly reduced L2 settlement costs, which is an important reason for the decline in fees and revenue. Nevertheless, the ETH price reached an all-time high of $4,957 on August 24.