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

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

ETH-0.82%
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