Coinbase Pro passes gas fees to users as ETH miner revenue hits 5 year high

Cointelegraph

Published Sep 18, 2020 12:45AM ET

Updated Sep 18, 2020 02:20AM ET

Ethereum miners’ hourly revenue has hit a five-year record, with fees currently bringing in 2,275 ETH ($880K) per hour.

The spike was triggered by yesterday’s announcement that Uniswap would airdrop it’s governance token UNI to past users of the decentralized exchange. Following the UNI announcement, more than 70,000 users rushed to claim free tokens and the gas price surged past 700 Gwei.

Ethereum miners’ hourly revenue. Source: Glassnode

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