Data: Ether L1 Revenue Falls to $200,000 Per Day, Down 99% in Six Months

According to Token Terminal, ETH Layer1 revenues have plummeted, dropping 99% since March 2024. on March 5, the network's revenues peaked at more than $35 million. On Sept. 2, daily revenues fell to about $200,000, the lowest daily revenue point of the year.

Bitcoin investor Fred Krueger noted that ethereum's current daily fee revenue of $200,000 equates to $73 million per year, far from enough to sustain its $300 billion market capitalization.