Ethereum Miner Profitability Soars as Transaction Fees Hit Fresh All-Time Highs

Ethereum Miner Profitability Soars as Transaction Fees Hit Fresh All-Time Highs

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Demand for the Ethereum blockchain has been rising at a rapid pace throughout the past several weeks and months, with the DeFi mania driving swathes of investors to decentralized exchanges like Uniswap to trade ERC-20 tokens.

One byproduct of this trendhas been a massive spike in the cost of fees to transact on Ethereum, which have hit fresh all-time highs, far outpacing those seen during the…

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