Bitcoin miners’ revenue fell sharply in May to $963 million, a 46% drop
According to data from The Block Pro, Bitcoin miner revenue decreased by 46% to $963 million in May due to the impact of the Bitcoin block reward halving in April. In addition, Ethereum staking revenue increased by 4.1% to $267 million. Furthermore, the Ethereum network burned 26,747 ETH in May, worth approximately $91.7 million. Data shows that since the implementation of EIP-1559 in early August 2021, Ethereum has burned approximately 4.3 million ETH, worth about $12.1 billion.
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